Facebook IPO Paul Losch's Community Blog, posted by Paul Losch, a resident of the Community Center neighborhood, on May 31, 2012 at 8:27 am Paul Losch is a member (registered user) of Palo Alto Online
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.
Posted by musical, a resident of the Palo Verde neighborhood, 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.