Facebook IPO | Nose Under the Community Tent | Paul Losch | Palo Alto Online |

Local Blogs

Nose Under the Community Tent

By Paul Losch

E-mail Paul Losch

About this blog: I was a "corporate brat" growing up and lived in different parts of the country, ending in Houston, Texas for high school. After attending college at UC Davis, and getting an MBA at Harvard, I embarked on a marketing career, mai...  (More)

View all posts from Paul Losch

Facebook IPO

Uploaded: 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.

What is democracy worth to you?
Support local journalism.

Comments

 +  Like this comment
Posted by There's-No-Magic-Here, a resident of ,
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 ,
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.


Sorry, but further commenting on this topic has been closed.

Stay informed

Get daily headlines sent straight to your inbox.

Su Hong 2.0? Former waiter reopens Chinese standby under new name in Palo Alto
By Elena Kadvany | 9 comments | 5,452 views

What gives you hope?
By Sherry Listgarten | 6 comments | 2,243 views

Living as Roommates? Not Having Much Sex?
By Chandrama Anderson | 0 comments | 2,200 views

Expert witnesses are more than experts. Plus my 7 fundamental impeachment questions
By Douglas Moran | 27 comments | 2,109 views

Holiday Traditions
By Cheryl Bac | 2 comments | 650 views

 

The holidays are here!

From live music to a visit with Santa, here's a look at some local holiday activities to help you get into the spirit of the season.

VIEW