Weil Says Faceplant Won't Go Below $4 Per Share

Some Friday comic relief courtesy of Bloomberg's Jonathan Weil:

"Expiring lock-ups are a bitch..."

Comments

[LiberatedCitizen]

He might be right soro's is evil but he's not stupid

George Soros buys Facebook stake; flees bank stocks

http://buzz.money.cnn.com/2012/08/14/george-soros-facebook/

[RJ O'Guillory]

FB is completely out of touch with what they need to do to support their Brand, their stock and their profitability...below is the text of a letter I've been trying to send the arrogant souls at FB for a couple of weeks, but getting through the Ivory Tower is almost impossible and the dismissive maze displays their arrogance towards the public...try calling them...you'll see what I mean...
-------------------------

To: Mark Zuckerberg –
Founder & CEO Facebook Inc.

Sir –

- This letter is for the purpose of communicating my sense of frustration regarding FB business practices, as well as to communicate my original reason for contacting FB…that being an offer to help attempt to “save” your organization from the ravages of Facebook’s recent initial Stock Offering, and subsequent battering at the hand of the Wall Street guru’s.

- While not a computer or internet expert, I am also certainly not an expert on the technical aspects of social media in general, nor FB, specifically…however, I am a retired marketing expert, and have over thirty years of international marketing and management experience. I have lived and worked in Japan, Germany Bosnia, Hungary and many other places around the world.

- I understand the FB consumer, and have a several solid ideas on how to build stronger, more tangible relationships with your clientele, thus leading to a strengthened, more tangible business model… which produces consistent revenue and profits…which in turn will stabilize your stock price.

- In attempting to contact FB, especially by phone, one can experience the symptoms of managerial decline in the Facebook Brand, as well as the philosophical issues contaminating FB’s move to a more –reality-based company.

- When reaching any of the FB divisions by phone, the cold-hearted female voice recording admonishes callers that “Facebook, being mostly an internet-based company, requires all communications through e-mail”...what a warm, inviting method for building future business relationships…? What about business people like myself who suffer from brain-damage and are disabled beyond the ability to use the internet, or e-mail? What about the people in the world who still wish to confer with, and deal with a human representative of such a huge, world-wide organization?

- This indicates a lack of understanding on the part of FB employees and management, at a basic philosophical level. While FB may have been built on the internet, and its operation is primarily internet based, this viewpoint is a major stumbling-block to the effective reorganization of your company.

- FB’s major transitional need is to move from that “social media” icon…that you have successfully developed…and to develop retail opportunities that leverage and use of the millions of names on your subscribers list.

- Facebook’s success to date has been the compilation of the millions of “users”, and the unique manner in which FB allows users to “display” their own life story…essentially moment-by-moment! This technology can be duplicated in a heartbeat, by someone or some company with a newer, cooler format… or some such new technical device or technique.

- The same popularity, with which FB has grown, can be switched off in a wave of anger or dis-pleasure at FB policies or activities, thus leaving FB and its stock price vulnerable to potential collapse.

- I have called FB three or four times, leaving messages to the various people who are charged with management of that area, and yet I’ve received no type of professional response from anyone at FB, nor do the frigid phone recordings that direct me, ”to leave a message” (which are ignored by FB personnel)…these phone messages don’t seem to be very helpful in contacting decision makers at your organization.?

- Based upon my interactions with the FB Corporate System…it seems possible that the success of your organization from one perspective… has led to an arrogant demeanor and rigidity in the thought process and actions of your management staff.

- I have a very specific series of ideas and marketing concepts that will help FB tap into long-term, consistent revenue (beyond advertising dollars), and to help to “attach” or “bond” FB users to the FB technology long after your competitors have attempted to usurp FB’s leadership position.

- I can help in the slowing or stopping the decline of your stock price, but I need to be able to communicate with someone at FB…and they seem to be too arrogant or busy to be bothered by an individual who would like to be of assistance…?

- I don’t understand that perspective, but if you’d like to talk, or have me speak with someone at FB, I’d love to discuss my conceptual vision for a productive, retail Facebook.

Regards,

RJ O'Guillory
Author-
Webster Groves-The Life of an Insane Family

[dee dee]

yes, 4 bucks for fb is fair. he is right about idiots buying fb and other hot stocks without any knowledge how IPO works.

[john]

Citi fined $2 million over Facebook IPO, fires two analysts

http://www.reuters.com/article/2012/10/26/us-citigroup-massachusetts-idUSBRE89P0OL20121026

[snip]

In the Citi case, a junior analyst working for Mahaney emailed some research to journalists at the Techcrunch news website, who published some of the information in a blog post, according to the Massachusetts complaint released on Friday.

The state's top securities regulator, William Galvin, charged Citigroup Global Markets Inc with breaking Massachusetts securities laws that prohibit analysts at underwriting firms from sending "written research or other written content" until 40 days after Facebook's IPO.

He would not say how close his office might be to charging any other firms, or what kind of evidence they may have. Gavin said the Citi case was completed first because his office was able to obtain emails showing how the analysts broke the rules.

Some market participants questioned whether the Citi analysts' actions were that bad. They noted that Mahaney has consistently received high marks in surveys of institutional investors.

Citi fired Mahaney and the junior analyst, and said it was pleased that the matter with Massachusetts has been resolved.

Galvin told Reuters he is still probing the other underwriters involved in Facebook's IPO, including Morgan Stanley, Goldman Sachs and JPMorgan Chase.