What the social media giant and investors can learn from the initial public offerings of Groupon, Zynga and others.
Forbes Markets: http://www.forbes.com/markets/
Exile On Wall Street: http://blogs.forbes.com/steveschaefer/
Duration : 0:2:35
Technorati Tags: facebook, facebook IPO, forbes, Forbes Markets Desk, Goldman Sachs, Groupon accounting, Initial Public Offering, Intelligent Investing, investors, linkedin, Matt Schifrin, Mobile Device, Morgan Stanley facebook, NASDAQ, NYSE, Pandora, S-1 filing, Silicon Valley, social media, social networking, Steve Schaefer, stock market, streaming music, trading, Zynga IPO
@clickgwl $125 …
@clickgwl $125 …
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LikeDislikeif u aint rich dnt …
if u aint rich dnt buy it.The only ones gona be winning are the traders duh!
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LikeDislikeI TOTALLY TOTALLY …
I TOTALLY TOTALLY TOATALLY NMAILED IT ON THE HEAD WHEN I SAID
PWN/GWM = GLORIFIED INSURANCE SALESMAN JOB
IF U KNOW AT LEAST 10% OF IT, YOU WOULD HAVE BEEN SHAKING YOUR HEAD VERTICALLY IN FULL AGREEMENT
THE ONLY DIFF IS INSTEAD OF LIFE INSURANCE, U’RE DOING SOME MORE S-A-L-E-S PRODUCTS TO AFFLUENT PPL ( EVEN MORE DEGRADING BC AFFLUENT PPL R TELLING U TO GO AWAY AND STFU [NICELY OF COURSE. AT LEAST SOMETIMES])
insurance salesman –> financial advisor (GLORIFIED is) –> pwm/gwm (GLORIFIED fa)
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LikeDislike*FACEBOOK WILL GO …
*FACEBOOK WILL GO THROUGH A RIGOROUS AND LENGTHY PROCESS TO BECOME A PUBLICLY TRADED COMPANY [IPOS]. THE TRADERS THEN COME IN AND TRADE IN THE
S-E-C-O-N-D-A-R-Y MARKET
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LikeDislikeMONUMENTAL TASK/ …
MONUMENTAL TASK/DEAL
I CAN IMAGINE HIM WALKING IN WITH HIS JEANS AND PLAIN-T SHIRT LOL.
BUT IN FAIRNESS, MR. ZUCKERBERG IS NO RANDOM PERSON OFF THE STREET. HARVARD UNIVERSITY (NO NEPOTISM, LEGACY OR affirmative action). YOU GOTTA GIVE HIM CREDIT FOR THAT.
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LikeDislikePETITOR TO HANDLE …
PETITOR TO HANDLE THEIR IPO)
AND THESE PEOPLE RUB ELBOWS AND HAVE DINNERS WITH HIGH LEVEL CLIENT EXECUTIVES, I THINK CFOs MORE OFTEN, BUT THEY CERTAINLY DO MEET WITH THE CEO. AND YOU HAD BETTER BE ON YOUR BEST BEHAVIOR BC HE IS YOUR CLIENT PERIOD.
NOW, IMAGINE SOMEONE, ~28 YEARS OLD, WALKING INTO A BOARD ROOM/CONFERENCE ROOM FILLED WITH PRESTIGIOUS INVESTMENT BANKERS (MOST WORKING ON THIS ARE — YOU GUESSED IT — BULGE BRACKETS) AND BEING TOLD ADVICE AND BEING THE MAIN PERSON IN THIS ENTIRE
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LikeDislikeCIATES, WHO ARE …
CIATES, WHO ARE KNOWN TO WORK SIMILARLY SLAVISH HOURS, TELL ME HIS OFFICE IS NEAR GOLDMAN SACHS, AND THE LIGHTS IN ONE OFFICE THAT AN IBANKER WORKS IN NEVER GOES OUT BEFORE 3AM OR 5AM
THEY WORK LONG DEMANDING HOURS. AND THIS ISN’T SOMETHING STUPID AND BRAINDEAD LIKE RUMIBNATING ABOUT POLITICS/PIOLITICIANS OR REAADING TELEPROMTPERS — FINANCIAL MODELING IS AN EXTREMELY SOPHISTICATED SKILL AND A MISTAKE COULD COST A COMPANY A DEAL ERGO BILLIONS OF DOLLARS (I.E FACEBOOK GOES TO A DIFF COM
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LikeDislikeTHE U.S GOV’T -> …
THE U.S GOV’T -> BUDGET SURPLUS INCREASE/DEFICIT DECREASE. WE HAVE TOO MANY ARTIFICIAL JOBS IN THIS COUNTRY. IT’S LIKE MSOT OF THESE JOBS, YOU MIGHT AS WELL PAY PEOPLE TO STARE AT A WALL 8 HOURS A DAY. TELEPROMTPER READERS? GIMME A BREAK. AND THESE LOSER TR’S ARE HUGE EVEN MORE LOSERS BC HALF OF THEM RUMINATE AND GOSSIP ABOUT POLITICS FOR A LIVING. THAT’S NOT A REAL JOB.
INVESTMENT BANKERS WORK SLAVISH HOURS. I’VE HEARD BIG LAW FIRM (‘THE BULGE BRACKETS’ OF law firms) ASSO
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LikeDislikeDON’T HAVE SOME …
DON’T HAVE SOME FOREX ACCOUNT IN THEIR MOMMY’S BASEMENT, BUT RATHER SOMEONE WHO WORKS AT A BULGE BRACKET FIRM TRADING BLOCKS OF SHARES IN THE BILLIONS OF DOLLARS.
OK. NOW WHAT I INTENDED TO SAY:
IT IS AMAZING HOW, A ~28 YEAR-OLD IS THE CEO OF A COMPANY THAT’S ABOUT TO GO PUBLIC. I DON’T KNOW HOW MUCH INFLUENCE HIS COMPANY HAS IN THE CONTEXT OF THIS GLOBAL ECONOMY, BUT IT WOULD BE GREAT IF THEIR REVENUES ARE DERIVED INTERNATIONALLY (FOREIGNERS PAY –> FACEBOOK INC(?) MAKES MONEY –> TAXED BY
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LikeDislikeTHE BGIGEST …
THE BGIGEST LOSERS I’VE MET IN MY LIFE ARE LIKE 35, LIVE IN THEIR MOMMY’S BASEMENT WITH A COMPUTER ON WITH COMPLICATED GRAPHS AND SHIT, AND THEY GO AROUND TELLING PPL ‘I’M A TRADER’. NO YOU’RE NOT DIPSHIT. SAYING ‘TRADER’ IS AS BROAD AS SAYING ‘LAWYER’ IN THAT 95% OF THOSE WHO CLAIM TO BE EITHER AREN’T, ARE FAKE, OR ARE LIKE MAKING TEACHER SALARY IF EVEN THAT
OK, SO
WHERE WAS I *SCROLLING UP*
OH YEAH-
SO, WHEN I SAY TRADERS, I MEAN INSTITUTIONAL TRADERS/MARKET MAKERS WHO
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LikeDislikeH AND EVEN …
H AND EVEN COMPLIANCE)
WHAT THESE [REAL] INVESTMENT BANKERS DO IS WHAT’S APTLY KNOWN AS ‘FRONT-OFFICE’ INVESTMENT BANKING. THEY DO M&A (MERGERS AND ACQUISITIONS), VALUATIONS (PRICE TAG ON A COMPANY), AND YES, IPOS (INITIAL PUBLIC OFFERINGS. SO, FACEBOOK WILL GO THROUGH A RIGOROUS AND LENGTHY PROCESS TO BECOME A PUBLICLY TRADED COMPANY [IPOS]. THE TRADERS [THE OTHER FRONT-OFFICE DEPT]-
AND AGAIN, I NEED TO VEER OFF IN YET ANOTHER TANGENT-
‘TRADERS’ IS ALMOST LIKE SAYING ‘LAWYERS’.
SOME OF
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LikeDislikeWALL STREET
IM …
WALL STREET
IM TALKING ABOUT ‘RESEARCH’ — THE PPL WHO RUMINATE ABOUT WHICH STOCKS/SECTORS ARE GOOD AREN’T REAL WALL STREET. I’D SAY THEYRE: “PSUEDO-WALL STREET”. IT IS ‘MID-OFFICE’
OPERATIONS IS SOMEWHAT A DEAD-END POSITION, AND THE PPL THERE GET LIKE TEACHER SALARY. THAT’S ‘BACK-OFFICE’ AND HAS 0 TO DO WITH FINANCE/QUANTITATIVE STUFF
NOW, -
AND I HAD TO LAY OUT THIS LONG PREFACE BC IT’S SUCH A MISUNDERSTANDING
OK
SO NOW WE HAVE ‘INVESTMENT BANKING’ (WITHIN WHICH IS OPERATIONS &RESEARC
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LikeDislikeTHIS IS GREAT
AN …
THIS IS GREAT
AN IPO IS DONE BY A GROUP OF INVESTMENT BANKERS (CONTRARY TO WHAT THE MAJORITY OF THE POPULATION THINKS, ~5% OF PEOPLE WHO WORK IN ‘FINANCIAL SERVICES/PHYSICAL RADIUS OF WALL STREET’ ARE ACTUAL REAL WALL STREET. FOR EXAMPLE, ‘PRIVATE WEALTH MANAGEMENT/GLOBAL WEALTH MANAGEMENT’ IS FUNDAMENTALLY A SALES JOB TO NAIL IT ON THE HEAD: IT IS A GLORIFIED INSURANCE SALESMAN JOB.
TYHE PPL U C ON TV (MOST OF WHOM ARE FROM — YOU KNOW — FIRMS THAT ARE SO-NOT GOLDMAN SACHS) AREN’T EVEN REAL
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LikeDislikeWhat would be the …
What would be the approx values of Facebook share ?
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LikeDislike@sunrise556 because …
@sunrise556 because they surpassed the number of investors you can have and remain a private company.
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LikeDislike@sunrise556 Not …
@sunrise556 Not enough money? A long term plan, a stable market – There are a lot of possible reasons.
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LikeDislikewhy did Zuckerberg …
why did Zuckerberg decide to go public now after so many years he has tried to keep Facebook private?
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