Goldman deal values Facebook at $50bn

[Iron]

That's near as dammit a 50% fall on its price at the IPO.

http://uk.finance.yahoo.com/echarts?s=F ... =undefined;

Jeff

Sub $20 now!

[andyfuller]

Good to see that they have finally managed to create a decent app for the iPad. The old app was a disgrace, no wonder they are struggling with the mobile medium.

[superfrank]

Facebook hits new low as targets slashed
http://www.marketwatch.com/story/facebo ... ry_popular

In morning trades, Facebook (FB -5.40%) shares fell more than 4% to $18.31. This represented an all-time low for a stock that has steadily been losing ground since its high-profile IPO in May, with the company’s market value now less than half the level set by its debut price of $38 per share.

[Iron]

Facebook 'immoral' for paying tax bill of £238,000 - http://www.telegraph.co.uk/finance/news ... 38000.html

'Facebook has been accused of "immoral" behaviour after accounts showed that the social media giant paid a corporate tax bill of just over £238,000 last year, despite estimated revenues of £175m.'

So, percentage wise, a McDonald's burger flipper pays much more tax relative to his income than one of the world's largest corporations...

Jeff

[andyfuller]

Good to see that they have finally managed to create a decent app for the iPad. The old app was a disgrace, no wonder they are struggling with the mobile medium.

God knows what is going on at Facebook but the app for the iPad has become more and more terrible of late. The latest update has made it of no use at all. You select To display recent stories and you get really old one!

One look at the review section in the App Store and you see heaps of comments saying along the lines 'it is reasons like this that we are switching to twitter'

It's dying a death!

[Ethanol]

LOL, Andy, this sounds a lot like Betfair's products!

[luckystar]

facebook 09th November trading at $19.935 strange its executives keep dumping shares http://www.forbes.com/sites/nathanvardi ... ook-stock/

Meanwhile for someone who mentioned betfair it has today just announced 50 redundancies.

[Euler]

Some charts for you: -

http://www.google.co.uk/finance?chdnp=1 ... xYLAA4W_AQ

[superfrank]

Some charts for you: -

http://www.google.co.uk/finance?chdnp=1 ... xYLAA4W_AQ

Groupon Inc.: Reality Bites
http://marketplayground.com/2012/12/28/ ... ity-bites/

[Iron]

How about this for a previously over-valued company?

http://uk.finance.yahoo.com/echarts?s=Y ... =undefined;

Hibu Plc is formerly known as Yell, and publishes the Yellow Pages (as well as offering various internet-related services). It was floated in 2003 for £2 billion.

Jeff

[Iron]

I read recently that Twitter has been valued by analysts at $11 billion, ahead of a possible flotation in 2014. That strikes me as a very high valuation for such a basic site! Also, the risk is that, as soon as Twitter start cluttering up their site with ads, many of their loyal users will start to look elsewhere. And unless Twitter can make the ads ultra-targeted, I don't think many people will bother to click on them...

Jeff

[PeterLe]

just read in the paper that facebook will offer online betting in conjunction with Paddy Power - UK only...

[andyfuller]

Newspaper link:

http://www.telegraph.co.uk/technology/1 ... t-app.html

[superfrank]

Facebook is an 'infectious disease' and will lose 80% of users by 2017, say researchers
http://www.independent.co.uk/life-style ... 79342.html

hope so.

[kelpie]

Facebook is an 'infectious disease' and will lose 80% of users by 2017, say researchers
http://www.independent.co.uk/life-style ... 79342.html

hope so.

+1

Facebook is awful.

This said, I doubt this sort of online world will ever disappear. There will be others to follow. Our kids will have something like facebook all their lives