Posted by: techritic | May 25, 2008

Facebook IPO? Get Ready To Short

So, we’re hearing talk about a Facebook IPO. HAHAHAHAHAHAHAHAHAHAHAHAHA

Seriously, what the fuck is up with this shit about a Facebook IPO? The moment I see NYSE:FBOOK on Yahoo! IPOs, I’m going to take my TD Ameritrade account, plug in FBOOK, and short 1,000 shares. What the fuck are people thinking?

Also, to the VCs that invested in Facebook (Founders Fund, Hong Kong guy, Microsoft) when Facebook IPOs, throw a fucking party, wait for the initial investor buy-in and stock rising, and then SELL ALL YOUR STOCK. Seriously, you don’t want anything to do with this stock.

Let’s take a look at expected stock performance chart after a year or so:

Oh, shit, did I accidentally put in Webvan’s stock chart here? Sorry about that.

Facebook is nothing but a social networking website, and while it has Applications where you can throw a hamburger to a friend, that doesn’t make it anything more. It’s NOT a software platform. It’s NOT the new “social operating system” or whatever you dumbasses talk about. It’s a fucking social networking website. Seeing a MySpace IPO? Me neither. Get sold to Microsoft or some shit, Facebook, and get out of the scene.


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