Market Currents
Facebook (FB) will halt trading of its shares on secondary exchanges this week, reports...
-
Wednesday, March 28, 2012, 1:49 PM ETFacebook (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).
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 10 comments:
it just jumped a buck like that
best way for little guy to get in on FB
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.