I’m officially done with the Facebook IPO. With CNBC becoming the “All Facebook, All Day” network today, I’ve had enough. So in that vein, I’ll pass along the last few
useless useful tidbits of information I have come across this week.
Facebook IPO Drinking Game
This is probably the coolest thing to come out this week. Something that finally got back to the college roots of Facebook and I secretly believe is the product of the last Facebook Hackathon. The Facebook IPO drinking game. You might want to wait before the stock opens to get started.
Opening Bell on Facebook
If you do get into the Facebook action, I wish you luck in your financial endeavors. If you got in on the IPO congratulations, you’re one of the few and should be set for a first day profit, if you sell. For the not so lucky, the scheduled open is set for 11 a.m. eastern time. I would plan on Facebook opening at that time, but don’t be surprised if it’s fashionably late.
Limit Orders, Please
If you plan on buying or selling Facebook in the open market today, here’s a few things you should know:
- The ticker symbol is FB.
- At the open, market orders won’t be accepted, use limit orders.
- Be patient and wait for your price.
Plan on a price spike easily over $40 at the open. I’ve heard speculation into the $50s, $60s and even $100 by the time the market closes.
- Facebook’s Business Model – Chris Dixon questions Facebook’s outdated, possibly unsuccessful business model and whether it can evolve to a more profitable one.
- So You Want to Invest in Facebook, Do You? Good Luck with That – Offers an insightful look at the different Facebook valuations floating around and for anyone buying on IPO day it eventually comes down to one thing, you’re betting on Mark Zuckerberg.
- GM to Facebook: I’ll Waste My $10 Million Elsewhere – Peter Cohan argues the bear case concluding it’s five times overvalued at the current IPO price. Thanks to over exuberance he thinks it could top $100 by the market close.