chestercheetaz

haha well it's probably a good thing! Unless you short stocks...

No. Google IPO'd in 2004.

i'm having a hard time understanding how you follow the market and stocks, and yet missed the Groupon IPO. Maybe you were on vacation??

Amazon IPO'd in the first dotcom bubble...

the fact that all these social media stocks are declining is PROOF that we've been in a bubble, and now that bubble is deflating.

huh? I'd believe this kind of nonsense only if it were coming from a founder who had exited via this strategy and was buying a round of drinks for the bar.

The thesis lacks any real sustainable evidence to back its claims.

sure it's a simple first-pass approximation, but it highlights the real numbers behind Facebook's operations, and how those compare their primary counterweight in the space, Google.

I hope "brogrammers" exist.

good luck with your investment.

well if it really is then i hope it turns around somewhere soon. As of now, it's looking like 0% for the first day, and even that is an artificial level supported by the underwriters of the IPO. I'd cut your losses, get out soon, and wait until the stock corrects somewhere lower, mid-20s or even below.

I'm a firm believer that if you "dis Dre, you dis yourself."

but Facebook? not so much...

bad news: Instagram isn't worth $1B. sorry.

hope you have a good cost basis.

Did you watch the stock? It was dropping like a stone, then all of a sudden halted at $38, the IPO price. A WSJ article said that this was because the underwriters stepped in to support the $38 price level:

"The weak start came after high expectations for the Internet giant. The company's shares were recently changing hands up $1.58, at $39.62, after touching the $38 IPO price about a half hour after it started trading. The stock had opened at $42.05.

Underwriters stepped in to support the company's shares at the IPO price, according to a person familiar with the matter. There were more than 30 banks involved in the deal."

This, combined with the effect on other social media stock like ZYNGA (which has halted trading twice today due to large volatility), is a sign of things to come.

FB would have fallen more, but the underwriters of the IPO stepped in at $38 to support that level. This stock is bound to fall after today. I'm predicting $25 by the first earnings call.

"BUT everyone's on Facebook!!"

...what could possibly go wrong??

This article is fluff, and this is a made-up controversy. Worse things have been said during presentations, and more objectifying advertisements have aired. I'm sure Gina boycotts GoDaddy because, based on their advertising campaigns that contain scantily-clad women, they must be a company full of misogynists.

This article would have had a larger impact had she instead focused on what DOES make a tech team work well; if she had focused on the qualities that make a tech team thrive, and how "brogrammer" culture cuts into that advantage. By writing a piece on a made-up controversy, she just loses credibility.

RIM's current market cap: 7B

RIM's highest ever market cap (6/20/08 @ $145/share): 76B

Apple's current market cap: 580B

The comparison isn't even close, and that's just the financials. Take a look at the market segments each company covers, and you find a similar disparity in comparison.

Yes, Steve Jobs was a huge part of the vision of Apple. But he wasn't everything. Apple is successful because of how the company is run, and coincidentally, Tim Cook is a huge part of that. If you remember, 12 years ago Apple was a struggling company selling computers to designers, illustrators and some educational institutions. Since then, Apple has transformed itself to be the dominant high-end personal computer maker, the dominant high-end smartphone maker, and the dominant tablet maker in consumer electronics. They managed to grow and flourish a retail business model in a decade that saw the demise of retail as more companies shifted to online distribution channels (an effort led, coincidentally, by Tim Cook). They have more cash on hand than the U.S. government.

If anything, a better comparison would be Apple 1999 : RIM 2012. Except that RIM doesn't have a Steve Jobs-type product visionary to bring it back from the brink of death.