As Facebook Stocks Drop 11%, Mrs. Zuckerburg’s Interest In Her Husband Drops 11%
A wise man once mused that girls don’t like boys, girls like cars and money. And Facebook’s CEO Mark Zuckerberg has plenty of it.
It is with great congratulations that Mark Zuckerberg announced today that he married his lifetime girlfriend, Priscilla Chan. Unlike many women only aged 27, Priscilla had made a powerful name of her own. The founder and owner of 4-chan (orginally a Pinterest-like site named 4-Priscilla-Chan before being shortened), Chan perhaps saw the marriage to her ten-year boyfriend a way to make 4chan and Facebook all in one. A marriage of two unique sites delivered to every single phone and eye for all to see.
But this marriage may be coming to an end, as trading horror stories of Facebook’s launch has investors miffed and officials calling foul play. The WSJ reports:
Criticism of the Facebook Inc. FB -10.99%stock deal grew as the shares dropped below their offering price in their first full day of trading Monday, wiping $11.5 billion off the social network’s market value.
The company, its investment bankers and the Nasdaq Stock Market came under fire for failing to ensure a smooth debut for one of the most anticipated deals in recent memory. Facebook shares, which opened Friday at $38 and managed to add just 23 cents during the day, fell 11% Monday to $34.03.
While investors agreed Facebook shares weren’t worth $38 apiece, they couldn’t find consensus on who deserved the most blame.
Monday’s selloff was attributed partly to investors who were allotted more Facebook shares than they expected and moved to pare their holdings, said people familiar with the matter. Retail investors usually are allocated up to 20% of the total shares allotted in an IPO, but in Facebook’s case, retail allocation was around 25%, the people said.
Facebook had increased the number of shares being offered at the last minute before the IPO. As a result, many retail investors weren’t hungry for more shares once trading began, according to the people.
Facebook’s offering, one of the biggest U.S. IPOs, was supposed to burnish the reputations of Morgan Stanley, MS -1.20%the deal’s lead banker, as an underwriter, and Nasdaq OMX Group Inc. NDAQ +3.59%as the listing exchange of choice for hot technology companies. But some investors said tactical missteps and technical problems left them uneasy about the deal even before trading began Friday morning.They faulted Morgan Stanley for overloading the market with too many Facebook shares and took aim at Nasdaq for system glitches that prevented some investors from confirming their trades or trade cancellations, which some said cost them tens of thousands of dollars.
“The underwriters completely screwed this up,” said Michael Pachter, an analyst at Wedbush Securities. The offering “should have been half as big as it was, and it would have closed at $45.”
At $34, Facebook would have a price-to-earnings ratio, a measure of how expensive or cheap a stock is, of about 57 times projected earnings for the next 12 months, according to FactSet research. The ratio means a Facebook share is more than four times expensive as a share of Google Inc.
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Author: Mike Collins
You recognize me from my appearances on shows like Maury and Doc Phil. If you don't like what I'm saying back up off right now because I'm here to speak my mind and teach men how to be men again over their women.
8:56 pm
Durable goods, people. Never buy on an IPO that doesn’t involve durable goods.
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9:05 pm
Agreed, that is why I like tobacco stocks.
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9:10 pm
I like Bleach and toothpaste manufacturing, always a demand there. Also, during recessions I sometimes will dabble in liquor spirits, chocolates and rare earth element mining.
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9:13 pm
Always a need for uranium. Defense contract manufacturing is also lucrative. If we are going to have wars, I might as well profit.
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9:21 pm
You mean you want to start wars and actively seek to profit off the blood of dead Americans.
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9:32 pm
Hang on there, LN. Defense contractors do a lot of good things. They are in the business of reducing casualties, not increasing them. Investment allows them to increase capital spending and R&D to save lives. They serve the soldier in the field.
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9:35 pm
Except you want to start the war that causes those causalities in the first place. Ergo, what you said becomes a moot point when you’re hoping a war starts so you can kill people and profit from the blood that flows.
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9:59 pm
LN, you have a negative attitude.
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10:12 pm
I said I liked rare earth element mining, that has nothing to do with Uranium.
Why do you comment when you know so little about a topic?
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9:46 pm
shuttup, bitch. why r you so anti-woman when your a woman yourself. is the ku-klux-klan fuckers down south REALLY that backwards!?!?
ps. get that DISGUSTING flag of your cars.
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10:02 pm
Why don’t you grow some balls and become TheAtheistOne? Get off the fence, chump!
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10:04 pm
Stop calling yourself a Christian if you’re going to blatantly ignore Christ’s laws.
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10:07 pm
Excuse me, but the KKK supported women’s voting rights.
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10:07 pm
Well said LN, though I’m pretty sure TheAgnosticOne doesn’t refer to herself as a Christian, judging from her handle.
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10:09 pm
“The Klan in the 1920s was active in electoral politics to achieve some of its objectives, and therefore it supported women’s right to vote-”
http://www.nysm.nysed.gov/womenshistory/klan.html
There, I knew I would find a reference for you google fu deficient heathens.
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10:15 pm
‘Erich’, I was talking to you, you fucking idiot.
“Excuse me, but the KKK supported women’s voting rights.”
Oh yeah, you’re against women’s voting rights, aren’t you?
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6:59 pm
Erich Sean: I was TheAtheistOne. but i was hacked, and now i cant get on that account.
Blanche: Are YOU SERIOUS!?!?!?!?!? The KKK supports male-supremacy, white supremacy, and oppresion of gay rights. Basically, they, like you, stand for everything im against. (religious hatred,or spreading hatred through religion, for you idiots that havent figured out what i meant yet)
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7:11 am
I had a great Aunt from Somerset/Devon, England named Blanche Beecham. Any link?
David.
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12:51 am
he has taste to marry an asian american woman really good taste but I don,t think it,s her who created 4 chan since it’s msotly about Meme on internet and she seems more like a business woman
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2:19 am
are you a chinamen?
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2:39 am
Unfortunately, Millenium is one of those French Canadians.
He eats seal tartare, hence the brain parasites.
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2:22 am
Asian women are known to be gold diggers.
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10:34 am
its not what your religion do stealing Gold from people ?
and for your quetsion I’m not a chinamen ( its not even a word to begin with _ I’m french canadian and proud of it at least I’m not a megalomaniac asshole who wnat to destroy the entire earth because they think differently than us
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2:02 am
I hope Mark Suckerberg dies penniless
http://christwire.org/2011/09/10-reasons-god-hates-mark-zuckerberg/
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10:40 am
Hoping people die is exactly what Christ would want.
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11:51 am
She only wants him dead because he destroyed her on facebook. Its cool though, because this is the only site her and her fantasy realm of death can go and actually be deemed somewhat normal by all the other insane people.
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