Mark Zuckerberg Rings NASDAQ Bell; Facebook Third Largest IPO Opening in History

Discussion in 'Android Tablet News' started by dgstorm, May 18, 2012.

  1. dgstorm

    dgstorm Editor in Chief Staff Member

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    The big news of the day is now officially out. Facebook's IPO was launched and priced out at $38, with a valuation set at $104 billion. Mark Zuckerberg himself rang the NASDAQ bell to start the trading day off with the big announcement. But, of course, he and the rest of his team at Facebook couldn't just do it the old fashioned way. They are code-junkies and hackers, after-all. So, they did things a little differently. One was pretty simple. Without a word, he rang the bell remotely from his company's headquarters (normally new IPO's will go to New York to ring it in person, although not always, so he was not the first to do this). Second, and this it where things get more interesting... beforehand, his team of engineers at the HQ found a way to hack the remote NASDAQ button, so that at the exact moment he hit the button to ring the bell, it would post the story to his Facebook timeline to let his friends and subscribers know. Here's a quote from the TechCrunch article with a few details,

    The hack was successful. The IPO went off without a hitch, breaking several records. And the rest, as they say, is history...

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    Here's the full official press release for the IPO:

     
    Last edited: May 18, 2012
  2. tazz3

    tazz3 Member

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    i dont under stand why people think facebook is so great......to me it stinks
     
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  3. ttweed

    ttweed Member

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    FB down to $33 on the second day of trading, after hitting $42 in the IPO frenzy. That's looking very "turkey-esque" for those who jumped in on the first day, and still a crazy valuation for a company with few real assets, an EPS of $0.43, and P/E of 77. If it sold for $10, I still wouldn't buy it.

    TT
     
  4. jimbo7630

    jimbo7630 Guest

    I'm with tazz3 on this!
     

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