the hidden side of facebook privacy settings?

[jump]

Couldnt think where else to post this, but why is "facebook" reading a lot of the threads now. Is this people who have signed in to efests with facebook? how does that work? Can they post? And why would you do that?

So many questions

[Ed209]

Thought so.

I see facebook only avoided an "IPO bust" (first day trading ending below IPO price) because their bankers stepped in by buying up $300mil of shares. I think a lot of analysts see $24-$26 to be a better valuation. Whatever though. Facebook founders made an absolute killing today.

[eFestivals]

Facebook will have to have each registered user earn it over $1000 within the next eight years to make that valuation stick.

Facebook is currently making $4 a year per user.

Work it out for yourself.

[TalkShow Bob]

Has anyone else noticed that your friends can sign away your privacy data on Facebook now? Was going in to reject one of those irritating game requests and saw its privacy options which included allowing access to all my friends’ names, details and likes.

[Ed209]

I never allow use any of those external apps with facebook. For example I certainly dont want my facebook friends knowing what dailymotion videos I watch!!

10% wiped of their shareprice today. Wonder if the banks stepped in again to steady the ship. It seems as though it was valued too high. Surprise surprise.

[t8yman]

I sacked it off ages ago, and havent missed it a single bit. more and more friends are going the same way. hopefully it will be as dead as myspace in the next 2-3 years (i know myspace isnt dead, it just isn't the all conquering behemoth it once was)

when a site goes from niche networking and the like to corporate monster, and wall street get involved - the internet cries a little bit.

[eFestivals]

10% wiped of their shareprice today. Wonder if the banks stepped in again to steady the ship. It seems as though it was valued too high. Surprise surprise.

I'm not sure if the share price is still being propped up or not, but it's got a huge amount to fall yet.

I'd guess that the share price will be at about 50% of the IPO price by the end of the year, and it'll flatten out at around 20% of the IPO price - that is, if Facebook shows a decent increase in profits. If it doesn't then it'll crash even further. There's just no way it can make the sort of earnings per user that it would need to sustain the share price at even half of the IPO price.

I'm of the belief that Facebook & the banks rushed doing the IPO because there's a perception that it's the hot stock of the future, while both facebook and those banks know that it's about to be found out - so they needed to cash in now to make the largest profits for themselves, while fucking over anyone stupid enough to buy those publicly-offered shares at a VERY silly price.

I'd say that Facebook will have a better future than myspace did, but ultimately it shares the same destiny.

[benc]

i want to come up with a fad and make shit loads of money I really can't get over the fact that people have brought shares! I like facebook, not as much as i used to mind - but it's had it's peak and not its only going to go one way. People are using it less and less

[eFestivals]

i want to come up with a fad and make shit loads of money

back before I started efests, when it was a purely Glastonbury festival based website, I had an offer to buy it from what was a major dot.com enterprise (long since kaput) at £945,000 which I spurned.

The main reason I spurned it was because I didn't want to sell out on the festival. I'd never created that site for the purposes of making money.

But also along with that, I knew that the amount of money I was being offered was well beyond stupid, and that there wasn't a chance in hell of it really realising a *real* value of that amount. For me to have accepted it would have been me knowingly ripping the buyers off.

Do I regret it? Sometimes I do, but in the main I'm very happy with the choice I made. I have nothing on my conscience to regret.

Edited May 22, 2012 by eFestivals

[benc]

I would imagine speculators buy into these companies purely with the aim of being able to sell their share(s) for a profit, in much the same way as people buy art or anything collectable. The big difference is that to all intents and purposes, unlike a painting, Facebook, myspace, etc, don't really exist.... they're certainly not generating much money, are they?

Zuckerburg has obviously done ok by it

[eFestivals]

Fuck me... You should of took the £££s

Some of us put other things higher than money, and wouldn't sell our granny, mother and children just to get ahead.

Not everyone is as big a c**t as you, you know.

[benc]

Fuck me... You should of took the £££s

[eFestivals]

would it have been a cash offer though? maybe it would have been for shares in a company that soon want bust

You know, I've never thought of that possibility.

However, while things didn't progress to anywhere near the point where something like that might have come up, I always believed it was a cash offer. It's certainly the case that the potential buyer wads cash-rich having raised money from investors, and was buying up a number of websites - all for cash as far as i'm aware.

[kaosmark2]

Fuck me... You should of took the £££s

[Purple Monkey]

Bit ironic that Facebook became successful because it was a simplified version of My Space, without all the garish messy pages and bolt-ons that made Myspace so embarrassingly shit.

You always become the thing you hate.

[kaosmark2]

Bit ironic that Facebook became successful because it was a simplified version of My Space, without all the garish messy pages and bolt-ons that made Myspace so embarrassingly shit.

You always become the thing you hate.

[windy_miller]

Dodgy dealing on Wall St? Well there's a surprise

http://www.guardian.co.uk/technology/2012/may/22/facebook-ipo-banks-investegated-secret

[eFestivals]

Dodgy dealing on Wall St? Well there's a surprise

http://www.guardian.co.uk/technology/2012/may/22/facebook-ipo-banks-investegated-secret

anyone who didn't realise that this IPO was about the existing shareholders - mostly banks - taking their profits via mug-punters rather than there being future profits for anyone who might buy the shares is so stupid I'm surprised they manage to breathe.

[kaosmark2]

Money buys things I like things