Purchase Facebook Stock Or Not

[helix2301]

Facebook which is set to IPO on Friday May 18, 2012 has been getting a lot of mixed reactions from investors. Warren Buffet has said he believes it's hard to buy companies like Facebook when they IPO because companies like that IPO when they are popular and in a few years they may not be as popular so he was going to wait on the purchase.
Microsoft (MSFT) founder Bill Gates is a person that has said he sees a lot of himself in Facebook CEO and founder Mark Zuckerberg. Both Gates and Zuckerberg are Harvard drop outs. Bill gates goes on to say how Mark Zuckerberg has a vision of Facebook and he is willing to put in the hours and time into the company to achieve his goals.
Facebook has been on a campaign like mission over the last week meeting with investors and throwing parties to try and get investors to purchase there stock on IPO day. Facebook is hoping to raise a 1 billion dollars with there IPO there stock is going to open at approximately $35 dollars a share. Over the past month or 2 Facebook has been trying to beef up there IPO the most recent attempt was the purchase of Instagram for 1 billion dollars. In 9 days Facebook will IPO with a stock symbol of (F) for Mark Zuckerberg sake lets hope the F stands for fantastic rather then failure.

http://www.helixzone.net/2012/05/purchase-facebook-stock-or-not.html

 

[patonb]

Its a tech stock.. The bubble could go in seconds.

It might be a good buy and sell in a few months, but long term its not something that might be smart.

 

[Roark]

Its a tech stock.. The bubble could go in seconds.

It might be a good buy and sell in a few months, but long term its not something that might be smart.

Its a data mining / advertising stock, as long as people use FB it will be making money.

But yeah, look at Myspace, something better can come along at any moment and pull the rug out from under them.

 

[patonb]

^That was my thoughts too, though myspace was initially made for bands to showcase themselves, more than it was/is to "connect" the masses.

 

[tj_extreme]

I'd buy some.

 

[office politics]

edit - delete. others already brought up myspace history