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FACEBOOK at $38, FB = $104 Billion. Is it overvalued?

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That's probably about $2-3 per day, for the long hours I spend here almost every day.

Mammoth, eh?

Maybe not your most financially profitable venture, but most appreciated all the same.

 

Good site BTW. I put in Housepricecrash.com

$240 :lol:

http://valuethewebsite.com/www.housepricecrash.com

 

But then Looked at Housepricecrash.co.uk (Worth a bit more)

$111,919

http://valuethewebsite.com/www.housepricecrash.co.uk

 

Wonder how much they were sold for some years back, do you have the figures DrB?

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Why did facebook overtake myspace? I remember people first being on myspace, then going over to facebook. Accounts on myspace were deleted accidentially and things, I think. Does anyone know more?

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Maybe not your most financially profitable venture, but most appreciated all the same.

 

Good site BTW. I put in Housepricecrash.com

$240 :lol:

http://valuethewebsite.com/www.housepricecrash.com

 

But then Looked at Housepricecrash.co.uk (Worth a bit more)

$111,919

http://valuethewebsite.com/www.housepricecrash.co.uk

 

Wonder how much they were sold for some years back, do you have the figures DrB?

Not very reliable, it seems.

Try this: http://www.SingingPig.co.uk ... Seems to be "dead"

 

Singingpig.co.uk: $21,925 USD

Singingpig.co.uk has the estimated value of $21,925 and ranks # 103,808 in the World (Alexa).

With the daily ads revenue: $31 and pageviews per day: 1,620.

The website is hosted on server that locates in Durham D8 United Kingdom.

 

Domain name: singingpig.co.uk

 

Registrant:

David Alan Beard

Registrant type:

UK Sole Trader

Registrant's address:

25 Long Ayres

Milton Keynes, Bucks

MK7 8HF United Kingdom

 

Registrar: eUKhost Ltd t/a eUKhost LTD [Tag = EUKHOST]

URL: http://www.eukhost.com

Relevant dates:

Registered on: 01-Feb-2002

Renewal date: 01-Feb-2012

Last updated: 05-Mar-2010

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No US Investros in Facebook (Officially, unofficially....?)

 

Goldman Halts Facebook Sale to U.S. Investors Citing Regulations

By David Scheer - Jan 17, 2011 5:38 PM GMT

 

Goldman Sachs Group Inc. said it will only offer shares of Facebook Inc. to investors outside the U.S. because completing the private securities offering amid “intense media attention” may violate market regulations.

 

“Goldman Sachs concluded that the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law,” the New York-based firm said in an e-mailed statement today.

 

“We regret the consequences of this decision, but Goldman Sachs believes this is the most prudent path to take,” it said. The move “was based on the sole judgment of Goldman Sachs and was not required or requested by any other party.”

 

A Facebook spokesman, Jonathan Thaw, said Goldman Sachs is “in the best position to answer any questions.”

 

http://www.bloomberg.com/news/2011-01-17/g...e-concerns.html

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CASHLESS SOCIETY: ‘Facebook Nation’ unveils its new currency

 

By 21st Century Wire

By Patrick Henningsen

Jan 31, 2011

 

The 21st century has certainly witnessed a progression towards a ‘cashless society’, but social networking giant Facebook are taking things a step further, throwing their hat into the ring with the introduction of a new compulsory monetary policy that will initially govern its share of the multi-billion dollar online games industry.

Imagine a virtual world where all goods and services are to be offered, bought and paid for by a new virtual-local form of electronic currency. Facebook will be piloting such a scheme for their multimillion dollar online games market. As of July 2011, every social game developer on Facebook will have to offer the social network’s “virtual currency credits”.

--------

 

With the introduction of a cashless society, citizens are also likely to lose their identities associated with national currencies like American Dollars, or British Sterling. But as they lose one identity, they will most certainly gain another. In this way, Facebook has taken the lead in supplying a monetary identity to its client citizens in the form of its ‘virtual currency credits’.

 

What a strange world we live in...

 

Perhaps Goldman Sucks knew about this one all along. ;)

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Facebook reveals UK launch partners for Deals

 

Mon, 31 Jan 2011 | By Ronan Shields

 

Debenhams, O2 and Starbucks will be among the first UK brands to launch campaigns on Facebook Deals.

 

Starting today, the first 30,000 users who check in at participating Starbucks venues via Facebook Places can claim a free coffee.

 

O2 also announced it will offer a 10% discount on gaming accessories and will give away Xbox consoles as part of its Facebook Deals activities.

 

Meanwhile Debenhams said it will offer free mascara and a makeover to Facebook users who check in at particpating outlets on 14 February.

 

Facebook made the announcement earlier today in London and said that brands including Benetton, Mazda, Towers Resort and Yo Sushi will offer similar deals.

 

Joanna Shields, Facebook’s VP EMEA, said, “We all love a bargain, so whether you’re on the lookout for a special offer at your favourite restaurant or tips from a fashionista friend about a discount on shoes in a department store, Facebook Deals will help you find it.”

 

The location-based service is an extension of Facebook Places and lets merchants offer customers and their friends incentives for visiting their outlets (nma.co.uk 4 November 2010).

 

Once a user has checked in at an area or outlet, Facebook Deals will list nearby venues that are offering discounts. Offers are then redeemed by displaying a voucher to staff in the outlet.

 

Google and Groupon are also eager to offer brands the ability to offer incentives based on both location and group buying

 

 

Facebook will rule the world... muahaha

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It's worth mentining that Facebook is playing an important role in the current unrest in North Africa.. I've seen some commentators call it a Facebook Revolution..

 

http://www.time.com/time/world/article/0,8...2044142,00.html

Govts may not like that much, including some Western ones

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from Marketwatch

In other news, executives at Google Inc. (GOOG 616.50, -1.88, -0.30%) , Facebook Inc. and other firms have held low-level talks with Twitter Inc. over a possible acquisition, with some potential suitors valuing the business in the neighborhood of $8 billion to $10 billion, according to a report in The Wall Street Journal citing people familiar with the matter.

 

$8 - $10 billion! for Twitter! As soon as I read that it made me think we have got to be in a huge bubble right now

 

from The Guardian

The new valuation would be a significant leap for Twitter. Last December it raised $200m in funds from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors. The deal valued the firm at $3.7bn. But since then investors have shown a fierce appetite for the new wave of internet companies and the valuations of its peers have soared.

 

It sounds all a bit similar to 1999...

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from Marketwatch

 

 

$8 - $10 billion! for Twitter! As soon as I read that it made me think we have got to be in a huge bubble right now

 

from The Guardian

 

 

It sounds all a bit similar to 1999...

 

I will do you all a favour and let you know, when there is an IPO, I will be buying Facebook shares.

 

When Google floated I thought the shares were ludicrously over priced. Shows what I know.

 

So, be warned. Do not buy the Facebook IPO - I will be and I have never made a penny on shares yet.

 

My SIPP looks as though, in due course, it will buy me the price of a cup of tea each month - so it's high risk time for me - as pensionable age looms.

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I do think the the internet bubble hasn't entirely deflated yet. That goes to show how stubborn some bubbles are. And then people try and tell me that gold is in one. :lol:

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I know all of you have got a facebook account. A total waste of precious time I hasten to add.

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Is there a tech bubble? I'm not so sure. A number of big tech companies have built war chests since the dotcom collapse. They have net cash, high cashflow, high margins, low debt. Think Microsoft, Intel, Cisco and Apple. Intel and Microsoft have relatively low P/E ratios. Some of them have half-decent yields. Many of these have a history of emerging strongly from economic downturns (MS in particular). Simultaneously the economic environment is encouraging a dash out of cash and into any other assets: Cash in the bank is losing value in real terms despite what central banks are telling us. If it wasn't for the US policy of applying big withholding taxes on dividends I'd be buying some of these right now.

 

But facebook can still go to hell. They ain't google.

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Is there a tech bubble? I'm not so sure. A number of big tech companies have built war chests since the dotcom collapse. They have net cash, high cashflow, high margins, low debt. Think Microsoft, Intel, Cisco and Apple. Intel and Microsoft have relatively low P/E ratios. Some of them have half-decent yields. Many of these have a history of emerging strongly from economic downturns (MS in particular). Simultaneously the economic environment is encouraging a dash out of cash and into any other assets: Cash in the bank is losing value in real terms despite what central banks are telling us. If it wasn't for the US policy of applying big withholding taxes on dividends I'd be buying some of these right now.

 

But facebook can still go to hell. They ain't google.

 

They (who ever this 'they' are) are predicting facebook to buy skype in 2012.

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from Marketwatch

 

 

$8 - $10 billion! for Twitter! As soon as I read that it made me think we have got to be in a huge bubble right now

 

 

 

It sounds all a bit similar to 1999...

 

Apparently Twitter brought in revenue of $45 million during 2010.

 

 

from http://www.marketingpilgrim.com/2011/02/bo...0x-revenue.html

 

Twitter’s estimated revenue for 2010 was just $45 million and this year it is rumored have around $100 million in revenue.

 

10,000,000,000 ÷ 100,000,000 = a multiple not seen since the dot com heyday.

 

It’s no wonder the WSJ says Twitter is a “tech bubble barometer” – 100 times revenues sure looks like a bubble. Then again, Twitter is not going away anytime soon and this valuation is not based on this year’s revenue–or even the next 2 years–but the company’s future revenues. Remember, its ad platform has not yet opened up to the general public–which that in itself should see Twitter’s revenues hit the $500m range in a just a couple of years.

 

Still, 100x is a multiple that would surely ignite a mini-dot com boom (or bust).

 

 

 

Also from the WSJ;

 

Twitter as Tech Bubble Barometer

 

People familiar with the situation said the company believes it can grow into a $100 billion company.

 

 

 

eMarketer: Facebook Dominates Twitter in U.S. Grabbing Nearly Half of Population

 

A report from eMarketer, “Facebook Reaches Majority of U.S. Web Users,” found that most adult Americans with Internet access use Facebook once a month—with 42.3 percent of the entire U.S. population logging into the site this month alone. In other terms—nine out of 10 social network users will use the site.

 

However, only 9 percent of American adults with the Internet are utilizing twitter, and 7 percent of the entire U.S. population.

 

So what’s the major divide? Among other things, there is a massive amount of “power users” dominating Twitter—with a whopping 90 percent of Tweets coming from only 22.5 percent of its users. The report found that only 21 percent of Twitter’s registered users are actually active.

 

On the contrary, 250 million of the entire 500 million registered Facebook members are daily users of the social networking site

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My valuation: $1 Billion Tops for Twitter - $500 Million might be more realistic - it is but a toy

 

$8 - 10 BILLION:

This for a company that, people familiar with the matter said, had 2010 revenue of $45 million—but lost money as it spent on hiring and data centers—and estimates its revenue this year at between $100 million and $110 million.

 

Read more: http://online.wsj.com/article/SB1000142405...l#ixzz1FDzAWGIK

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Court rules for Facebook, against Winklevosses

Twins don’t have right to negotiate a better settlement, ruling says

 

SAN FRANCISCO (MarketWatch) — A federal appeals court ruled Monday that Cameron and Tyler Winklevoss, who have alleged that Facebook Inc.’s founder and chief executive in court stole their idea for the social-networking service, do not have a right to negotiate a better settlement.

 

The U.S. Court of Appeals for the Ninth Circuit ruled to uphold the original settlement agreement awarding the twins — former Harvard classmates of Facebook’s Mark Zuckerberg — a portion of stock and cash in the company.

 

 

A look at Facebook's cash and profitability

A review of the document provided to would-be Facebook investors by Goldman Sachs reveals extremely healthy operating margins and cash flow at the privately held social-networking firm. John Letzing talks with Stacey Delo.

 

The Winklevosses had argued that the closely held firm handed over 1.25 million shares worth $8.88 apiece, even though it was aware that the value of its stock was significantly higher. The twins argued that if the higher valuation had been properly disclosed, they never would have signed their agreement.

 

Facebook was valued at $50 billion recently as part of an investment by Goldman Sachs Group Inc. (GS 161.37, -0.10, -0.06%) and others, and its shares have been trading at roughly $35 apiece on the secondary market.

 

“At some point, litigation must come to an end,” Chief Judge Alex Kozinski wrote in the opinion filed Monday. “That point has now been reached.

 

“The Winklevosses can’t show that Facebook misled them about the value of its shares,” the judge said. “Without such evidence, their securities claims must fail.”

 

The struggle between the Winklevoss twins, among others, and Zuckerberg was depicted last year in the film “The Social Network,” which was nominated for a best picture Oscar.

 

Kozinski also wrote: “The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace. And the courts might have obliged, had the Winklevosses not settled their dispute and signed a release of all claims against Facebook.”

 

The judge noted that the twins engaged in a discovery process as part of their mediation with Facebook, which gave them a significant amount of information about the business. In addition, Kozinski said that their father Howard Winklevoss, a “former accounting professor at Wharton School of Business and an expert in valuation,” participated in the mediation.

 

Palo Alto, Calif.-based Facebook is expected to undertake a highly anticipated initial public offering next year. The company has more than 500 million active users, and its service is available in more than 70 translations.

 

/see:

== == ==

 

Somehow, I think this may be some of the last good news for Facebook.

I still think the overvaluation of FB is something that the market will soon realise

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ARE YOU BETTER OFF IN ...

 

Goldman's Facebook investment structure?

Or Madoff's Hedge Fund?

 

Before you answer, take a look at this video:

 

Madoff Says Entire U.S. Government a `Ponzi Scheme'

 

Feb. 28 (Bloomberg) -- Bernard Madoff, convicted for organizing a Ponzi scheme, criticized the U.S. during a recent telephone interview with New York Magazine. Bloomberg's Betty Liu reports in today's Movers & Shakers. (Source: Bloomberg)

 

/see: http://www.bloomberg.com/video/67122488/

 

50 cents on the Dollar?

Let's see if Goldman can match that

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Facebook Should Not Have Won, MySpace (simply) Blew It

 

 

Privacy is valuable - and is the new treasured status - beyond celebrity?

 

 

What does this mean for Facebook users?

 

Zuckerberg : On Privacy, getting rich, and the 2010 Inside Story

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Facebook Claimant Says He Owns 50 Percent, Has E-Mails as Proof

April 12, 2011,

 

April 12 (Bloomberg) -- E-mails allegedly written by Facebook Inc. co-founder Mark Zuckerberg are cited in a new court filing by Paul Ceglia as proof of his claim that he’s entitled to 50 percent of the company under a 2003 contract.

 

The revised complaint, filed yesterday in federal court in Buffalo, New York, includes new allegations supporting Ceglia’s claim to own half of Palo Alto, California-based Facebook, the world’s biggest social networking site, including that Zuckerberg sent numerous e-mails discussing the terms of the contract and the early development of “The Face Book” with Ceglia.

 

“They’re exactly what you would expect between two people trying to develop a website,” said Robert Brownlie, a lawyer for Ceglia, referring to the e-mails in a telephone interview.

 

Ceglia alleges that Zuckerberg defrauded him, lying about the early success of “The Face Book” at Harvard University, where Zuckerberg was a student at the time. Ceglia claims he is entitled to half of Facebook, a closely owned company worth as much as $55 billion, according to Sharespost.com, an online marketplace for investment in companies that aren’t publicly traded.

 

/more: http://www.businessweek.com/news/2011-04-12/facebook-claimant-says-he-owns-50-percent-has-e-mails-as-proof.html

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The Facebook - is it losing Face ?

 

Facebook Growing Pains

 

According to Inside Facebook Gold (gold.insidenetwork.com), Facebook growth is slowing. Causing the slower growth was the decline in Facebook users in the US of 5.8 million and in Canada of 1.52 million. Other countries like the United Kingdom, Norway and Russia had user losses or more than 100,000. This announcement is occurring at the same time as speculation that Facebook will have an IPO in early 2012 due the SEC rules that requires an IPO if they have over 500 investors.

 

Is this a case of Facebook Fatigue? Probably, Facebook becomes more meaningless when people did you not really know that well in past want to become your friend. Or people you do not know that well now continue to plaster your wall with aspects of their lives that are of little interest to you. In addition with many people on Facebook it has lost its cool factor for younger people. Facebook has become main stream.

 

/more: http://www.wirelessweek.com/News/Feeds/2011/06/wireless-facebook-growing-pains/

 

Here's what happens when you "lose face" in a major way:

 

http://www.youtube.com/watch?v=3Iv3g8ZLkYA

 

You become a target of ridicule

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They beat The Facebook to market...

 

Social Networking or Porn: FriendFinder IPO Prices, Sex on Wall Street (FFN)

Posted: May 11, 2011 at 6:50 am

 

FriendFinder Networks Inc. (NASDAQ: FFN) has managed to price its initial public offering, albeit at the lower end of its expected price range. The company is the adult-themed social networking site. Many sites consider themselves “The Facebook of (fill in the blank)” and this one for all practical purposes is a porn social networking site with brands under the “FriendFinder” names as well as the Penthouse brand.

 

The company priced 5,000,000 shares of common stock at $10.00 per share for gross proceeds of $50 million before fees and commissions. The use of proceeds will be to pay down a portion of its existing indebtedness. The prior amended SEC filing had 5 million shares in a price range of $10.00 to $12.00 per shares for the pricing. One issue to consider is that FriendFinder is being viewed as a disappointment. The first IPO filing also went back to before the height of the recession at the end of 2008, when it filed to raise up to $460 million. Today’s sale is a mere $50 million.

 

The company has listed some 26,328,895 million shares as its total common stock outstanding after this offering. If you just use the outstanding shares, FriendFinder’s $10.00 per share pricing would value the company at more than $263 million. Officers, directors, and principal shareholders will own about 75% of the issued and outstanding shares. What investors need to know about this market capitalization is that it is not really a fully diluted value. The filing notes that there will be an additional 13,058,608 shares of common stock underlying certain preferred stock, warrants, notes, and options. If we are to add the two, then a fully diluted market capitalization (if that can be used here) would be over $393 million.

 

The joint book-runners of the offering were Imperial Capital and Ladenburg Thalmann. The company also granted these underwriters a 30-day overallotment option to purchase up to an additional 750,000 shares at the IPO terms.

 

The company’s most heavily visited websites (with the ‘.com’ omitted) are as follows: AdultFriendFinder, Amigos, AsiaFriendFinder, Cams, FriendFinder, BigChurch and SeniorFriendFinder. Some of its other properties are Penthouse, MillionaireMate, GetItOn, and HotBox. The company also claimed the following: a network of over 38,000 websites; more than 298 million members in more than 200 countries; a December-2010 figure of over 196 million unique visitors in its network of websites based on comScore data; adding more than 6.4 million new registrants and more than 3.9 million new members each month on average.

 

Read more: Social Networking or Porn: FriendFinder IPO Prices, Sex on Wall Street (FFN) - 24/7 Wall St. http://247wallst.com/2011/05/11/social-networking-or-porn-friendfinder-ipo-prices-sex-on-wall-street-ffn/#ixzz1PXaMN0jo

 

 

FFN : 4.121 Change: +0.091 / Percent Change: +2.26%

 

A long way down from $10.

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