Research archive for META

Facebook. Something that did not exist when we started this business, Vestact. The markets gave the very first results as a listed company a big thumbs down. Unlike. The share price in after market trade sank nearly 11 percent, in normal trade the stock dropped 8.5 percent. Since listing the stock has lost nearly one third of their value. All looking rather patchy and the reason for the fall off prior to the results were weaker results and a patchier outlook from Zynga. The listing of Zynga has been, well, pretty darn awful. Zynga has lost two thirds of its value since listing in December last year. Print (a virtual print) an upside down smiley face for both, but a complete washout for Zynga.

The Facebook listing was one of those memorable listings, one of those events that you have to have watched. I was not watching because it was my daughters seventh birthday party, that was a success too! But the Faceook listing did not go off as planned. A glitch of sorts by the NASDAQ saw many a investor and folks hoping for a giant pop confused and mad with the NASDAQ. But I guess on balance, perhaps Morgan Stanley and Facebook would not feel completely happy with the outcome, but the stock listed and traded. And the Zuck got married on Saturday (our Mayvis said he is too young to get married) to long time girlfriend, Priscilla Chan. Mr and Mrs. Zuck. The Zucks. Yeah, but that actually zucks, I mean sucks, the listing technology problems. The NASDAQ say that they are embarrassed by what happened. And they (the NASDAQ) are planning to repay some investors but would need SEC approval, according to the WSJ. This was a screen grab from the Zucks weekend, see, he was busy.

Facebook has finally filed for an IPO last evening and is looking to raise five billion Dollars. Page four of the document sums up a lot of the stuff we know about Facebook, but they told us anyhow. "We had 845 million MAUs as of December 31, 2011, an increase of 39% as compared to 608 million MAUs as of December 31, 2010." MAU stands for Monthly Active User. "Our users generated an average of 2.7 billion Likes and Comments per day during the three months ended December 31, 2011." 250 million photos uploaded every day. And wait for it, 100 billion friendships. So each user has on average 110 friends or so. Nice. And there I thought that nobody had any friends.

Drop everything, because the word on the street is that Facebook (or as a friend of mine calls it, Book of Faces) is mulling an IPO next year. Awesome! For what though? Early stages still, but the suggestion is that the company could be valued at 100 billion Dollars and that the company would look to sell 10 billion Dollars worth of shares. Go Zuck! And who said that American innovation was dead? From zero to 100 billion from a university dorm room in less than 8 and a half years, have I got that right? If of course they are going to list in the first half of next year.