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Nairaland Forum / Nairaland / General / Investment / Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO (9377 Views)
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Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 11:49am On May 24, 2012 |
Facebook founder Mark Zuckerberg has been sued by the social media network's shareholders over its disastrous IPO.http://uk.finance.yahoo.com/news/facebook-founder-mark-zuckerberg-sued-134310813.html u na still dey buy the share saw this on yahoo page |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Aizebioje(m): 3:05pm On May 24, 2012 |
And They Say Crime Doesn't Pay!!! |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by TheShopKeeper(m): 3:07pm On May 24, 2012 |
^^^financial crime without carrying a gun or knife does truly pay. Unfortunately some 'muguns' have been scammed off their money. A fool and his money are soon easily parted. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 3:08pm On May 24, 2012 |
apart from bringing man and woman together,man and man together,apart from tearing up marriages,what goods or services that are durable does FB involve themselves in,warned my brother not to buyy but he no listen now he is close to going crazy 1 Like |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Paentera(m): 3:10pm On May 24, 2012 |
bandiejay: It's only a week. Cmon give the company a break. As the investors all know, putting funds into stocks is never guaranteed. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by yhemzy(m): 3:13pm On May 24, 2012 |
This is wat Fela Anikulapo(Abami Eda) of blesseth memory called head robbery.Stealing by pen and brain |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by SisiKill1: 3:19pm On May 24, 2012 |
milehigh06: apart from bringing man and woman together,man and man together,apart from tearing up marriages,[b]what goods or services that are durable does FB involve themselves in,[/b]warned my brother not to buyy but he no listen now he is close to going crazy This is what has always bothered me about the whole thing. The only conceivable ways they can make money are 1) Selling people's info to 3rd parties 2) Advertisement. The former they swear they don't do and the latter. . .well let's just some companies are finding out that advertising on FB hasn't increased their sales and are pulling out. So tell me. . .what exactly does FB bring to the table?? 2 Likes |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Opoki(m): 3:25pm On May 24, 2012 |
Hahahahahahaha I laff in Bendel... Where is hi5 and Myspace today |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by manny4life(m): 3:33pm On May 24, 2012 |
Two words - Insider Trading. Like I read it this morning, many small buyers lost about 1/3rd of the value of their shares, bad news. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 3:35pm On May 24, 2012 |
Well, i hope it goes up so that i can pullout, it is always good to invest what u can afford to lose |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by manny4life(m): 3:42pm On May 24, 2012 |
odiaero: Well, i hope it goes up so that i can pullout, it is always good to invest what u can afford to lose Pull out and go where? How much did you buy at? If I were you, I will pull out as soon as I can because like the Washington Express stated this morning, SEC, Justice Dept, as well as three other regulatory agencies are about to launch intensive in-depth investigations into the issue. Should they find evidence of wrong doing, that's another story altogether. Now you know due to the amount of information that was witheld from the public, public trust has diminished, and several folks are weary about FB even before they went public let alone now. One of the few thing that might restore their confidence is the investigation exonerating them from wrongdoing, should that fail, FB will take further hit. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 3:43pm On May 24, 2012 |
Muhehehe |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by buzugee(m): 3:53pm On May 24, 2012 |
QUOTE FROM THAT LOQUACIOUS HE-GOAT CALLED AFAM4EVA Must they produce bags of rice like dangote before you know that they have a product? See MUMU. Do you mean a website that is has a net worth of over $86 Billion? |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 3:56pm On May 24, 2012 |
blink182: Muhehehe which kian laff be this? |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 4:03pm On May 24, 2012 |
bandiejay:I just de laugh, I no know if people think say yeye dot coms no de exist again. I thought the people buying were doing so for efeezy didn't know they were hoping to make money. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by maclatunji: 4:07pm On May 24, 2012 |
Warning to those who want to buy shares in Nairaland. People don't seem to realise that building a successful business is loads of work. They wanted to reap the benefits from a place they have not been involved with for a considerable amount of time. Sorry for the disappointment, it was all razzmatazz. I am sure Google is smiling with a not-so-evil grin. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by jadesola7: 4:12pm On May 24, 2012 |
What id..iots would invest in something that is simply a website for mo.rons to tell other mo.rons what they are doing today? That cant be worth much, can it? bet the winklevoss brothers are laughing........what a mess. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 4:13pm On May 24, 2012 |
maclatunji: Warning to those who want to buy shares in Nairaland. People don't seem to realise that building a successful business is loads of work. They wanted to reap the benefits from a place they have not been involved with for a considerable amount of time. Sorry for the disappointment, it was all razzmatazz. I am sure Google is smiling with a not-so-evil grin.Nairaland ke, any company that does not offer a service or product that requires repeat purchase from customers is a no go area. On a scale of 1:1, zynga games makes by far more money than facebook, in other words, I can comfortably buy their shares. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Maisuya1: 4:17pm On May 24, 2012 |
How can a company which currently doesn't generate revenues (let alone astronomical ones) or even free cash flows be expected to sustain such share price as it was during the IPO. A security is only worth it's discounted future cash flows, in the case of Facebook over a million user base doesn't translate to over a million dollars in revenues. Ask google. 1 Like |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by jadesola7: 4:21pm On May 24, 2012 |
Ha, ha, ha. it really is an absolute pleasure to see Facebook and the clowns who invested in it on the slide. Facebook and Twitter magnify everything wrong with human nature- from neediness to narcisissim. Hopefully it represents the beginning of the decline of social networking 2 Likes |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by maclatunji: 4:24pm On May 24, 2012 |
jadesola7: Ha, ha, ha. it really is an absolute pleasure to see Facebook and the clowns who invested in it on the slide. Facebook and Twitter magnify everything wrong with human nature- from neediness to narcisissim. Hopefully it represents the beginning of the decline of social networking Okay, you don't like social networking, what do you like? |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by manny4life(m): 4:28pm On May 24, 2012 |
No offense to anyone but I do think that a lot of yall in here did not understand the concept of FB other than social media. I'm no supporter of FB, I don't even use FB that much aka very light user, however, I'll say the truth when I will. Although some investors goofed, thanks to Morgan Stanley and FB, however, FB was unique in its presentation. So many of you say they did not generate revenues, like really? The ads on you FB page, do you think it's free? Just like Java claims to run on just about 1billion devices as a programming platform, so does FB app and related services run on major personal electronics, Phones, tablets, TV, gaming systems, etc. You think to obtain the license if free? Come on people, let's be honest to ourselves. Someone mentioned ZYNGA, Zynga does online games which runs on FB platform, why did you think Zynga Corp did that? Or you think the games you play for free is not being paid by someone? Zynga is just using Google ad type system generating revenue for FB. The only reason why a lot of folks think that FB wasn't making money was that it was a "Private" company, had it been public, you would have seen that indeed generated revenues like Google and Yahoo does. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by maclatunji: 4:33pm On May 24, 2012 |
manny4life: No offense to anyone but I do think that a lot of yall in here did not understand the concept of FB other than social media. I'm no supporter of FB, I don't even use FB that much aka very light user, however, I'll say the truth when I will. Although some investors goofed, thanks to Morgan Stanley and FB, however, FB was unique in its presentation. So many of you say they did not generate revenues, like really? Nonetheless, the company has goofed with this IPO fiasco. Even me that was not remotely close to buying Facebook shares plan to make big money from it. Africa in general and Nigeria in particular is proving to be the next ICT goldmine and by God's grace me self go chop there. In short, I get your drift. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Maisuya1: 4:41pm On May 24, 2012 |
Manny, for a coy to really survive it needs not only generate revenue but profit and free cash. Apart from google no other Internet coy is really making it big in ad revenues, not even yahoo! And I don't think the add revenues (which by the way is the only current anticipated source) of FB revenues can sustain operations for a now 'public' Facebook and also pay dividend. I just don't see it happening. They need to change their biz model or start charging us per hour on FB or selling apps to us- that also I don't see happening. 1 Like |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by maclatunji: 4:50pm On May 24, 2012 |
Mai-suya: As long as they have Africans and Nigerians, they have hope. Don't be fooled O, advertising is a big revenue earner. Do you know how much telecoms companies spend on adverts in Nigeria? The major threat to Facebook is that people are getting bored with it and are likely to move-on to other platforms soon. Watchout for Twitter to make a move soon. Google has the best model, some people blog they go to blogger, some people watch videos they go to Youtube, we all need mail they gave us Gmail, we like to chat, they gave us Gtalk, smart phones are it- they are coming out soon with killer phones from their new baby Motorola, there is Adsense which Seun loves so much and of course Adwords. Too much revenue and diversification from Google- I almost forgot Android OS and its Playstore. Typing this makes me green with envy at the brilliance of the guys at Google- their brain is there. 2 Likes |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 4:55pm On May 24, 2012 |
manny4life: No offense to anyone but I do think that a lot of yall in here did not understand the concept of FB other than social media. I'm no supporter of FB, I don't even use FB that much aka very light user, however, I'll say the truth when I will. Although some investors goofed, thanks to Morgan Stanley and FB, however, FB was unique in its presentation. So many of you say they did not generate revenues, like really?I mentioned that. Zynga makes far more money from users than facebook does from it, Zynga is also on Yahoo, Orkut, Google+ etc. Zynga makes money well, their games have addicted users who spend up to a thousand dollars monthly trying to upgrade faster, the Japanese government had to interfere in a similar Japanese company last month as kids spending on it were spiraling out of control. What I am trying to say is that they have a product they sell unlike the peanuts that come from Facebook adds that people may decide to click or not. On the other hand, Zynga strives to get you hooked. Nairalanders who have played their games know what I am talking about. There is a big difference. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by manny4life(m): 5:06pm On May 24, 2012 |
Mai-suya: You guys are missing my argument, FB is not making money from ad, but ad being one of its component. FB just like Google was trying to diversify, ads component WAS NOT the major generator of their revenues. @blink, I was only saying that Zynga is making money just. I know Zynga games runs on every other platform as well, but Zynga reportedly admitted that they had greater greater reach from FB users combined than most other social network. Just don't forget that FB has a potential of almost 1billion users, even Google doesn't. So my point is thatFB just like Zynga has greater revenue potential as opposed to others like Yahoo and Google+ If anyone knew of several press briefings from Facebook, they're not trying to reinvent the wheel but DIVERSIFY the wheel like Google does that is why they went public. One of recent purchases was Instagram, I hope you guys get my point, it's not about ads, even FB said they weren't making enough from ads, even Google admitted same thing that's why they had to synchronize all their platforms together on March 21, a one stop shop so they can gather info about consumer searchers and behavior and tailor ads to their needs. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by ZUBY77(m): 5:09pm On May 24, 2012 |
odiaero: Well, i hope it goes up so that i can pullout, it is always good to invest what u can afford to lose why are you always boasting? When will you grow up ? This is 21st century. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by SisiKill1: 5:11pm On May 24, 2012 |
maclatunji: LMFAO!!! China can tell them a thing or two about that. |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by Nobody: 5:12pm On May 24, 2012 |
ZUBY77:How is his statement boastful? |
Re: Facebook Founder Mark Zuckerberg Sued By Shareholders Over IPO by SisiKill1: 5:19pm On May 24, 2012 |
General Motors pulls annual $10 million worth of ads from Facebook A GM executive says paid advertising is ineffective on the social network General Motors has announced that it would be pulling its paid advertising from Facebook, saying that it had too little impact. The announcement could not come at a worse time for the social media giant, which is expected to file its initial public offering on Friday. The newspaper reported that GM spends $40 million annually to maintain a presence on Facebook, with a quarter of that in paid advertising. Industry analysts have recently reported that companies are beginning to re-evaluate social media-based advertising. “Companies in industries from consumer electronics to financial services tell us they’re no longer sure Facebook is the best place to dedicate their social marketing budget—a shocking fact given the site’s dominance among users,” wrote Melissa Parrish, a Forrester analyst, on Monday. This week, the company raised its target price range to $34 to $38 per share. That's up from $28 to $35 per share, where it had been as of earlier this month. UPDATE: Daniel Knapp, an analyst at IHS Screen Digest wrote to Ars to say: "I don't see a causal relationship between GM's decision to stop advertising and Facebook and the imminent Facebook IPO. It would be naive to panic about GM's decision to pull out of Facebook advertising. If any investor sees this as a bad omen, it means they did not do their homework." (Me: Bwahahahahahahahaha. . .if only people had followed the flashing neon sign that said STOP! DON'T BAD IDEA!! They won't be suing today ) He added: "Advertising on Facebook has long been funded by marketing budgets reserved for trying new things. But as online advertising investments in general are surging and starting to cannibalize spend on legacy media, advertisers are rightfully asking whether the money spend is justified because it has reached significant sums now. And here the irony starts: Facebook produces data on ad campaigns in a detail that advertising executives could only dream of only a decade ago. But more data does not necessarily mean better data. The advertising measurement in TV is much simpler than online on Facebook, but players have agreed what those metrics mean. Facebook has shaken up the advertising world by changing the relationship between brand and consumer fundamentally. We do not have a one-sided street anymore. But how to capitalize on this marketing revolution long-term, how to define new metrics and get industry-wide acceptance for it is another story. It is a [laborious] task. I don't say it is not possible, but there is a long road to go." http://arstechnica.com/business/2012/05/general-motors-pulls-annual-10-million-worth-of-ads-from-facebook/ Seriously, if we took a count on how many people click on an AD while updating their status on facebook. . .I'm bet they won't be up to 1000 |
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