The euphoria surrounding the upcoming Facebook (FB) IPO is reaching ridiculous levels, says...


The euphoria surrounding the upcoming Facebook (FB) IPO is reaching ridiculous levels, says Information Arbitrage. Retail brokers have stopped taking orders. The offering price range has been dramatically increased. And the amount of stock sophisticated investors and insiders are selling is enormous. So... What should one make of all this? Simple - buyer beware. The hype surrounding the IPO is similar to that of Blackstone's (BX -5.4%) in 2007, which has essentially been dead money ever since.

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Comments (5)
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    It's Blackstone not blackrock..big difference...and yes FB is way overhyped....i mean oversubscribed
    17 May 2012, 03:09 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (406) | Send Message
     
    I agree. I think Facebook will fly out of the gate and then be a dud. Everyone wants to buy. No big money will be left after the IPO.
    17 May 2012, 03:23 PM Reply Like
  • User 398666
    , contributor
    Comments (18) | Send Message
     
    BX = Blackstone.
    17 May 2012, 03:32 PM Reply Like
  • Mbrillo1
    , contributor
    Comments (400) | Send Message
     
    Last night while having dinner in a restaurant, as we caught drifts and snippets of conversations, we heard so much banter focused on one topic ....Facebook! I can just imagine that, around the country....around the world, this scenario is also being played out.

     

    The snatches of pro-con opinions about Face Book was fascinating..
    At our table, we were six people, ranging in age from 23 to 56 so the range of opinions was interesting to hear. From the younger people espousing that they had moved away from FB to the older people who looked at it as a simple power tool.
    The total agreement at the table was that Facebook is a universal tool in "Connecting people". And therein lies the phenomenon; never has a entity of this sort had the ability to create interaction between so many people.

     

    What is so significant, about this company is that it has captured the interest of a vast gamut of our society. Across socio-economic barriers, across nations, political and religious divide...Facebook is the paradigm of social networking in our digital world. The real question: Can this company harness its potential and continue to morph to keep pace with ever-changing technologies and interests?

     

    "To own or not to own Facebook? That is the question".
    And whether one is an investor or an onlooker, this is the topic that is being bandied about. The sport of Facebook begins tomorrow. Millions of people will
    keep score.

     

    My own opinion about Facebook stock means nothing. To me, Facebook represents the future and the future will be positive as long as so many people have the efficacy to communicate.
    Never-ever has this been the case. 17 May, 02:27 PM Reply ! Report Abuse Like 0
    17 May 2012, 03:40 PM Reply Like
  • Bull Rider
    , contributor
    Comments (568) | Send Message
     
    75 USD stable- whatever said and done FB is not BX and if they command 900 million users and offer 350 million shares plus then be rest assured that they will be hitting new highs. Greed is a funny thing.....I bet 100 USD at at least will be the high tomorrow.
    17 May 2012, 03:56 PM Reply Like
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