So who is buying FB shares today?

[agerhart]

anyone?

[JasonD]

If I had money, I would buy.

It would be buying for the same reason I'd buy Apple. I don't believe the hype but do believe the markets believe it and that will drive the price

[Chunkford]

IMO it will sky rocket for the next year, and then crash and burn as they start to ruin Facebook to try and make some serious dosh out of it.

[BoL]

Loads of shares traded today and back to its opening price.

[buckworks]

(AP) SINGAPORE - Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, a move expected to save him hundreds of millions of dollars in taxes stemming from the company's impending initial public offering.

The Brazil-born 30-year-old became a U.S. citizen in 1998 but has lived in Singapore since 2009. Giving up his citizenship will allow him to avoid paying taxes on billions of dollars of capital gains when Facebook launches its IPO Friday. Singapore does not have a capital gains tax.

Saverin gave up his citizenship in the first quarter of this year, the U.S. Internal Revenue Service said.

http://www.whec.com/article/stories/S2618629.shtml?cat=10077

[littleman]

Well, here in America our Supreme Court  ruled that corporations are people.  Corporations do this sort of thing all the time.  If they are going to go after him they should go after Exxon Mobil & Google.

[buckworks]

FB shares drop below flotation price:

http://www.bbc.co.uk/news/business-18141990

[littleman]

FB P/E = 80
Google P/E = 18
Apple  P/E = 13

I think they shot too high.

[Rumbas]

Yeah, who's the Zucker? I bet they'll drop even lower as the insiders sell out and retire. I wouldn't touch it for a while.

[I, Brian]

Investors are nervous at the moment because of the eurozone crisis, not least potential Greek exit starting next month.

Really, really bad time to buy shares in general, I think.

[rcjordan]

The stock sites I read have started calling it FacePlant.

>bad time
>Greece

Agreed, but I wouldn't have bought FB at 80 p/e even if times were hothothot.

[Chunkford]

Lol, just heard on the news some investors are looking to sue due to facebook being over evaluated.

They also said Google and apple are valued at 20x times their annual profits, where facebook was valued at 156x times their annual profits - now that's just crazy!

[dogboy]

>facebook being over evaluated.
who would have ever guessed?

>FacePlant
thats a good one.

>bad time
>Greece
...well, it depends on how you look at it. Me, I think Greece is the first domino into a world recession/depression - which means this might be Zuckerberg's last opportunity to get out before it gets REALLY bad.  In which case, he will be playing this really well, in retrospect, a few years from now, if things really do go to hell.  Eyeballs only matter if they are attached to pocketbooks, otherwise they are just burning your bandwidth.

[Chunkford]

...well, it depends on how you look at it. Me, I think Greece is the first domino into a world recession/depression

Completely off topic, but this is my theory to all this voodoo talk of the end of the world malarkey on the 21/12/12
Rather than some cataclysmic event ending the world, it will rather be financial issues that make everyone poor and on the same level. The likes of which Ethiopia can start building metropolises.

Like I said way off topic, but I'm happier now I have mentioned it in public :p

[nffc]

I don't think Greece is a domino, they aren't even a dot on the double six. With respect to any Greek members, and purely from a financial perspective, if they just shut the whole place down everybody else would be better off. If you look at what they contribute to the EU against what they take...like a brother who is always borrowing and never pays back.

Now if we could only get rid of Scotland.