Mysterious Facebook product plumps up shares on Wall Street Facebook's stock went north on Wall Street - reaching $32 a share yesterday for the first time since July 2011 - basking in the glow of the free content ad network's imminent product announcement. The company sent out invites to the press last week to "come and see what we're building". Surprisingly, the details of what will …
You're right, a social networking site would work much better if the site and other users couldn't see any information about you at all. It's nearly as bad as the time BT put my home phone number in their phone book... how is that not illegal?!
I'm with you Michael.
Just last night, I was unfortunate enough to be dragged into a pub. They used to be noisy, sociable places. I actually witnessed 4 grown men sat at a table, their pints on the table, in total silence. It used to be that they'd be arguing over the off-side rule, or footy league results, or which of the birds standing at the bar were the fittest. Not any more. They were all messing with thier sodding 'phones.
"Modern men" are total complete and utter pussies!
Best get selling those shares off whilst the price is good.
Nobody wants a facebook phone, if you want facebook on your phone there are loads of phones that do that already either with apps like iOS or integrated into the OS like Windows phone.
To make a search engine that people stop using Google for you will have to make something amazing, since facebook isn't amazing why would anyone think that a search engine produced by facebook would be amazing.
A facebook OS? Seriously
The stock market is crazy for Facebook, cmon this is a bloody social networking site which prays on the weak and the feeble.
It's sad, and maddening, to think that there are pension funds that can be influenced based on the actions of Zuck and his FragileBook.
Capitilism really does have a nasty side.
During the SEC mandated quiet period a company is not allowed to make any statements. That includes confirming or denying rumours. Analysts can say pretty much anything they want, start rumours etc and the price of the stock will react. Chances are the results aren't going to be stellar, so pump the price up and dump it before we get any real news.
My money is on FB going north of $38 a share, vitiating any actual damages in the civil cases against FB and the underwriters, leaving only the question of punitive damages and costs. If the stock price is back at the IPO price, was anyone harmed by the alleged selective disclosure?
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