Town Square

Post a New Topic

Facebook IPO

Original post made by Paul Losch, Community Center, on May 31, 2012

I admit I don't entirely get Facebook.

Some of it is generational, some of it is how I choose to use my time, some of it is a matter of personal privacy, and likely some other things where Facebook and I just don't "like" each other. Thumbs sideways.

I am not surprised that the stock price at its IPO has plunged since then.

It is a fine company, and has provided people around the world to make things happen that have changed their lives.

Let's face it though. It is a media/entertainment company. Cutting edge, forward thinking, and changing things like Disney did way back when. Great to have its idealism in its culture.

As a stock buy? I don't think so. It is a viable company, but the current valuation is over the top. I am not a financial analyst, but I will predict Facebook stock will drop to the "teen's" fairly soon.

Wish I had shorted it.

Comments (2)

 +   Like this comment
Posted by There's-No-Magic-Here
a resident of Another Palo Alto neighborhood
on May 31, 2012 at 5:29 pm

Facebook is like a party. You either like to chat with people, listen to their stories .. make up a whooper or two .. and enjoy the telling of your tales or you don't.

It's that simple.


 +   Like this comment
Posted by musical
a resident of Palo Verde
on May 31, 2012 at 8:02 pm

The chatting and reading people's stories sounds like PaloAltoOnline. We share common neighborhoods and concerns, and discuss current events and governance. Embarcadero Media's mission statement begins with "provide an accessible vehicle for getting the community talking to itself." That seems to be the primary thing Facebook is doing. I spend/waste much more time here, though I do go to Facebook for high school and college alumni news and gatherings. I experience similar targeted ads on either site (PAOnline ads are served by Google). Personal privacy is up for grabs when anyone puts something in writing that will last forever and is easily searchable from any terminal on earth. Dots can be connected, so a prudent person will learn to be careful before doing too much damage. My real privacy concerns regard financial and medical information. HIPAA rules don't leave me with a warm feeling, and we all know how well to trust banks. Won't be long before our cars are tracked everywhere for tax purposes. But I've strayed from the topic, the IPO. There's still time to short FB if one thinks it's headed downhill. I'll probably go long once it stabilizes, just to own a small piece, and to support a local company. I'm certainly not getting rich on HP or Cisco or numerous local pharma start-ups.

I'm here because I enjoy reading informed viewpoints. Thanks.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Cho's, beloved dim sum spot, to reopen in Los Altos
By Elena Kadvany | 8 comments | 5,853 views

Why I Became Active in Palo Alto Forward
By Steve Levy | 12 comments | 2,279 views

Early Decision Blues
By John Raftrey and Lori McCormick | 0 comments | 1,884 views

Guest Post from HSSV: Adopt a Naughty Dog!
By Cathy Kirkman | 2 comments | 1,472 views

First Interview
By Sally Torbey | 8 comments | 1,069 views