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Facebook (FB) will halt trading of its shares on secondary exchanges this week, reports...

  • Wednesday, March 28, 2012, 1:49 PM ET
    Facebook (FB) will halt trading of its shares on secondary exchanges this week, reports Bloomberg, as the social networking giant gets ready for its IPO. The halt could drive some investors desperate to get a pre-IPO fix to take a look at GSV Capital (GSVC) or the Firsthand Technology Value Fund (SVVC - previously).
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This news story has 10 comments:

  • more than a look
    it just jumped a buck like that
    28 Mar 2012, 01:51 PM Reply Like
  • low was 18.40ish - now above 20
    best way for little guy to get in on FB
    28 Mar 2012, 01:53 PM Reply Like
  • How about buying some FB after the IPO if there is a market correction, that's the way I'm going to attempt to get in.
    28 Mar 2012, 02:00 PM Reply Like
  • FB float is so small. It is going to be a feeding frenzy
    28 Mar 2012, 02:06 PM Reply Like
  • Oh yea, no doubt. I just think things are getting lofty as far as tech valuations go. So I wouldn't be surprised if we had some pull back somewhere within spring/summer/fall. We have had those pullbacks the last two years in a row.

    Plus I refuse to buy FB over $100 billion market cap. They need to get to the $20 billion yr revenue number to begin to make that number legit. $3.7 billion in sales as of 2011, they've got some ways to go.....and I'm not super excited about the business model either. They only make $ off of advertising, so they better be smart enough to build additional revenue streams. Currently they have a "virtual" pay system????

    Plus I am one of the few, who does not even use FB or really need it. FB is not a product that is greatly appealing, despite it's scale. FB is not the end all, many companies are looking at FB as an opportunity for their business. FB's only value is their subscriber base. And internationally, there are strong competitive barriers.

    Advertising dollars will be shifting more strongly in the Internet space to companies pushing content, youtube, netflix, microsoft, amazon, apple, nba.com, nfl.com, etc. Google owns the ad market by developing a revenue sharing advertising platform for other websites to use.

    What makes FB unique from other companies besides a free social site? Thousands of sites offer social interaction. How much longer can FB continue to grow compared to competitors growing socially?

    I would own a little FB, just not at the initial price.
    28 Mar 2012, 02:23 PM Reply Like
  • Facebook will be $150bn+ by the end of their IPO date. I think many are underestimating its pottential by only looking at their current revenue streams and not what could be in their pipeline. They will price the shares to a market cap of 100bn and we will see 50% or more once they go live.
    28 Mar 2012, 02:50 PM Reply Like
  • Time will tell....Good luck with GSVC.
    28 Mar 2012, 04:22 PM Reply Like
  • I am long GSVC as of this morning. I like their overall portfolio better than SVVC. I am currently working on a writeup on this company. They are flush w/ cash from their recent secondary offering and will be putting it to work FY12. I would not be surprised if they announced an additional investment in Facebook as it was only <15% of their overall investment portfolio. Michael Moe is an industry veteran. Read his book "Finding the Next Starbucks"... great read.
    28 Mar 2012, 02:06 PM Reply Like
  • gsvc just filed for $250 million secondary... thye will never let it get above $20 without crushing it with a secondary offering.. can you say scam???
    29 Mar 2012, 04:45 PM Reply Like
  • i agree this is a total scam. they are screwing over their shareholders big time
    29 Mar 2012, 04:59 PM Reply Like
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