Mark Zuckerberg has lost $9 billion since Facebook's IPO | |
Anonymous Coward User ID: 21281419 United Kingdom 08/04/2012 07:20 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 21278399 Australia 08/04/2012 07:22 PM Report Abusive Post Report Copyright Violation | not really - he had ZERO dollars, then he sold a chunk of the company, for which he received X BILLION dollars the other chunk of the company which he didn't sell was VALUED at Y BILLION dollars, but that wasn't money which he had, it was shares. he still has those shares. the people who have really lost money are people who bought facebook at IPO then sold it later at a loss. |
Alexander (OP) User ID: 15635858 United States 08/04/2012 07:43 PM Report Abusive Post Report Copyright Violation | The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill Daily Updates Thread: ASS IS IN THE WRINGER - Rolling Updates from 11/16/20 to present (Page 235) |
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Alexander (OP) User ID: 15635858 United States 08/04/2012 09:20 PM Report Abusive Post Report Copyright Violation | so where did the money go? Investors lost money - who has it? The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill Daily Updates Thread: ASS IS IN THE WRINGER - Rolling Updates from 11/16/20 to present (Page 235) |
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Anonymous Coward User ID: 14778597 Canada 08/04/2012 09:30 PM Report Abusive Post Report Copyright Violation | I see you are one of those people who incorrectly believes that wealth is a "zero-sum" game (i.e. if person A is rich it is due to person B being poor). It does not work like that. When the investors bought the shares at the IPO, there were a finite number of shares available and the price was set based on how many people wanted to buy some (supply and demand.) Now that the honeymoon is over people are starting to realize that the company is not as valuable as they thought, so therefore the shares in it are worth less because less people want to buy them. No one "has" the money amount by which they went down. It's like the price of gold going up and down. If you buy an ounce at $1600 and next week it's $1550, nobody has taken that $50 from you. It's just that the demand for the gold has gone down and you can't get the full price that you paid for it. |
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Alexander (OP) User ID: 15635858 United States 08/05/2012 09:46 AM Report Abusive Post Report Copyright Violation | I see you are one of those people who incorrectly believes that wealth is a "zero-sum" game (i.e. if person A is rich it is due to person B being poor). It does not work like that. When the investors bought the shares at the IPO, there were a finite number of shares available and the price was set based on how many people wanted to buy some (supply and demand.) Now that the honeymoon is over people are starting to realize that the company is not as valuable as they thought, so therefore the shares in it are worth less because less people want to buy them. No one "has" the money amount by which they went down. It's like the price of gold going up and down. If you buy an ounce at $1600 and next week it's $1550, nobody has taken that $50 from you. It's just that the demand for the gold has gone down and you can't get the full price that you paid for it. I do understand about the value of gold going up and down - the same with stock. Yet a lot of people paid money for the stock - so who got that money? Zukerberg? His company? The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill Daily Updates Thread: ASS IS IN THE WRINGER - Rolling Updates from 11/16/20 to present (Page 235) |
Alexander (OP) User ID: 15635858 United States 08/05/2012 01:31 PM Report Abusive Post Report Copyright Violation | The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill Daily Updates Thread: ASS IS IN THE WRINGER - Rolling Updates from 11/16/20 to present (Page 235) |
Saddletramp User ID: 812002 Puerto Rico 08/05/2012 01:35 PM Report Abusive Post Report Copyright Violation | Awww...couldn't have happened to a nicer guy!?!?! "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Shogu666 User ID: 1217094 Poland 08/05/2012 03:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21322500 United Kingdom 08/05/2012 03:45 PM Report Abusive Post Report Copyright Violation | if say for instance $9 billion dollars gets spent in real money on facebook shares and then the shares say for instance are worth less say around 6 billion where did the $3 billion in real money that got banked for shares go. Facebook is a con,it has the same metaphorical properties as fractional reserve banking,money out of nothing for nothing. Zuckerberg knew exactly what he was doing,and just like most of his ilk,is a slimey conman Anyone that bought shares in facebook is a moron,magic beans anyone ??? |
Anonymous Coward User ID: 16542544 United States 08/05/2012 03:54 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16341182 United States 08/05/2012 04:01 PM Report Abusive Post Report Copyright Violation | This was and is a classic pump and dump scheme. The only people who were intended to make money was the retail brokers and those who had preferred stock that was issued before the IPO. FaceBook IPO is one of the biggest frauds in exchange history. Those in the know understand that it was insanely overvalued. It is nothing more than a CIA front used to collect data from the naive and clueless idiots who don't have any more sense than to post their private information and moment-to-moment movements and well as images of themselves and their closest family and friends on a public bulletin board. There are already rumblings about fradulent clicks generated on facebook ads as well; stats of which are used to prop up the ad cost and make it appear that more people view ads on FaceBook than actually do. Expect that a huge lawsuit will be filed and won similar to what happened to Google a few years ago with adwords and adsense click fraud. FaceBook is nothing more than a public bullatin board. There is no viable income model because 1. more than 2/3rds of all facebook accounts/profiles are "dead" or dummy accounts - meaning that they were either created for limited use or were abandoned. 2. People are on FB to chat and interact with others. How would you react to someone coming up to you to try and sell you shit while you are out hanging with your friends? Exactly. FaceBook WILL be going the way of MySpace in a year or two. Don't believe it? Just ask MySpace. |
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Anonymous Coward User ID: 20022035 United States 08/05/2012 04:16 PM Report Abusive Post Report Copyright Violation | ....like almost all reporting, he has "lost" nothing...if he sells now, every share he owns AND flooding the market with 500 million shares didn't drive the price down further...he would sell at a prices less that the highest price the IOP had reached...but he didn't have that 9 billion in the first place...paper profits and paper losses...all meaningless until a sale takes place... |
Anonymous Coward User ID: 21270995 Belgium 08/05/2012 04:21 PM Report Abusive Post Report Copyright Violation | person A buys stock at 10dollars, person B buys stock from person A at 9dollars, the 10dollars are with the bank (company accoungt) who issued the stock, 9dollars go to person A, the bank gets 0.1dollars transacion costs, the 10dollars stay with the bank. if this is too hard for you to understand think of it as a car. You buy a car for 10k dollar. The bank gets the 10k dollar(company account) you later sell the car for 7kdollars you lose 3k in lost value, the bank uses your 10k to invest in stuff. in other words ... your money is with the bank ... in fact all your money is with the bank and all you get is a statement and some limited cash withdrawal limit |