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Penny Stock Press just said on the email.
"We have been told that the OTC Markets have suffered some type of data hit and will not be opening with the rest of the market today. We will update you further as news becomes available."
FYI
All of otc is down
http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/TradingSecurities/P177011
When a company is listed on a U.S. stock exchange, including NYSE, NYSE MKT, NYSE Arca, the NASDAQ Stock Market and the BATS Exchange, it agrees to notify the listing exchange about any corporate developments that could affect trading activity in its stock—before announcing them to the public. These developments can include:
changes related to the financial health of the company;
major corporate transactions like restructurings or mergers;
significant positive or negative information about its products;
changes in key management individuals; and
legal or regulatory developments that affect the company’s ability to conduct business.
Stock is halted....
Nope. Maybe for celebs, but they don't make twitter money.
Whoa. Facebook has a decent profit. Don't compare them to this shitty stock.
Facebook only dropped because the Nasdaq computers crashed from the weight. $1000 says NYSE won't let that happen here.
In for 3k shares at $9.02
Not sure I get your logic here. How does that statement hurt Twitter? Wouldn't dumb investors just assume teens are moving to Twitter?
Probably to keep employees focused and not staring at the stock price all day.
Keep em hungry to prove everyone wrong.
Easy. Run ads on other peoples apps.
They already announced they're testing a mobile ad network, they already power 300k apps with their Parse acquisition.
It would compete against Googlr Admob which is doing 10B a year.
Facebook at its core is building the world's most powerful ad targeting technology that currently only powers Facebook, their first social network. I would expect a lot more acquisitions from Facebook in the next 1-2 years as they start building a portfolio of social properties.
We've seen a glimpse of their strategy, and it's not to create one social network, but to create a suite of social properties and provide the best monetization platform in the world.
Their strategy is something like this:
1) Power identity across all apps, in order to gain as much targeting data as possible.
--- Done. Facebook Login is now integrated in 80 of the top 100 grossing apps on iTunes and with the acquisition of Parse, they are geared to own even more developer mindshare.
2) Build first in class ad tech to utilize that interest data and monetize their social properties (Facebook, Instagram, [ add other random social network they acquire ])
-- In progress.
3) Help their partners monetize through a mobile ad network using the same ad tech they use on Facebook owned apps
-- This will be v1 when Instagram launches monetization this quarter. I believe Instagram will be the first 'publisher' on the Facebook ad network.
-- Facebook has already announced testing of their mobile ad network, though they stopped the tests, I believe it's been deprioritized until they actually get supply restrained.
Hogwash. If that was true they wouldn't use Twitter -- which is completely open and public.
Perhaps you should do your own research?
Sandberg noted that Facebook accounts for more mobile minutes in the U.S. than “YouTube, Pandora, Yahoo, Twitter, Pinterest, Tumblr, AOL, Snapchat and LinkedIn — combined.”
Even if drops 5% (which it didn't, it went up 12%) -- it's nothing.
They've already started that with Facebook Login, which is integrated in 80 of the top 150 apps. Many users refuse to create an account because FB Login is so easy to use (one click register and one click login). They are also doing Facebook Payments (one click fill out payment info).
They also own Parse.com, which is the backbone to over 300,000 apps (there's only 1.2 million iOS apps). They own ALL that data, all the developers...
They own Onvato, regarded as the richest data set for all mobile. Onvato sits between a users phone and their carrier by actually changing the carrier profile on the phone (iOS and Android), and compresses the data so users get 30% more data on their limited data plans. Imagine the data goldmine here.
THEY ARE becoming a utility, and that's a natural part of losing the 'cool' factor. How 'cool' was the telephone in 1903? How cool is it now in 2013? But we still use it everyday.
If you were smart you'd listen to me.
Holding 10k shares since $21.50. Been analyzing this company since 2006.
It sounds like Ebersman was upset about the hit piece from a couple pubs before earnings talking about teens -- who were obviously trying to drive price lower to make more money on the earnings. So he said, "fuck em" and erased their gains. Expect the next CC to have data around teen usage going through the roof.
These guys are smarter than Wall Street.
Anybody who thinks Facebook isn't already prepared for the "uncool" or "fad" factor is in denial. They learned the mistakes of Myspace, Friendster and all the other social networks before it. Just like Google did with Dogpile, WebCrawler and all the other search engines before it.
WTF are you talking about? Deleting an account is dead easy. Two clicks from the homepage. They give you a 2 week period where if you don't login it will be permanently deleted. That's it.
Usage is NOT dropping. They increased their monthly active users quarter over quarter.
Why do people just make up shit on these message board?
Guess who owns Instagram?
Guess who will own the next 'hot' social network? Facebook isn't dumb, they will diversify and own 5 social networks within the next 5 years. Book it.
Absolutely not true. The data shows some early age teens usage has dropped "insignificantly". That could be a factor of things -- kids back in school from the summer and don't need a Facebook to keep up, teens using Instagram more, etc.
That DOES NOT mean they are deleting their accounts. Usage drop != account deletion.
Yup, Twitter is too public for most teens.
Few weeks from LTCG :(
Why the CFO would even bring it up is beside me. So dumb!
This stock is bi-polar
Green! For now....
Whelp at least my call options loss will help with my tax bill :-/
Don't underestimate Zuck. He's got heaps of cash. They own Parse and Onavo (you might want to do some DD on these companies), and will continue to build a suite of social networks through acquisitions.
I'm holding 21.50s, guy.
Why?
There is 2.44B shares outstanding. 1.4B on the float (in the stock market).
That leaves 1.44B Facebook holds. 8% of the total outstanding shares is held by insiders (employees). That's 195.2M shares owned by employees. Leaving 1.2B shares they can use for acquisitions. Or roughly $62B dollars worth of stock for acquisitions.
I don't think $1.5B worth of stock is going to move the needle for them or for us.
Kids are using Instagram, they own Instagram.
Facebook isn't about ONE site. It's going to be a SUITE of social properties with the best ad technology to monetize social data. Why can't anyone see this?
They're next acquisition will be Snapchat, which they'll more than likely acquire for $3b, half stock, half cash. Then they'll pick up any smaller social network as they come along until the Feds step in and cry monopoly.
Sandberg noted that Instagram accounts for more mobile minutes than YouTube, Pandora, Pinterest, AOL (lol), Snapchat and LinkedIn, “combined.”
http://techcrunch.com/2013/10/30/nearly-half-48-of-daily-users-of-facebook-are-now-mobile-only-says-ceo-zuckerberg/
Nailed my prediction. Congrats everyone!
$56 AH, $62 next Wednesday.
Here we go. Explosion time!!!!
I got the 11/18 $65 options. Waiting for pay day $$$
I can't wait until all the haters get to STFU 24 hours from now.
As does all technology companies (see Microsoft, Blackberry, Nokia, etc).
Right now all you have is anecdotal evidence. That doesn't mean sh*t. All the DATA points to people still using Facebook. Just because it's cool to say "I'm on Twitter" doesn't mean people are not using Facebook. Facebook has become a utility, rather than a 'cool' product. That's fine. Facebook would rather be the next telephone than the next cool fad that fades away.
If you really think Facebook is the next Myspace, you have no business trading this stock.
Try $+60 AH.
Google crushed earnings due to increase demand in their mobile ads. Guess what Facebook does better than Google? Mobile ads.
Facebook crushes earnings and we see $65 by mid Nov.