TraderGirl wrote:I knew an astro friend, and he told me two years ago that Facebook would IPO in 1Q 2012, and that Mark Zuckerberg would not stay with the company long, and that he moves on to other ventures...
Given the crackdown on Twitter this seems like an IPO eventually destined to bury the investors as more free speech is targeted. If it can develop some decent charting time and a bearish pattern I'd like to short it.
A friend of mine is an engineering and works at a shell of a company once called Lucent. He spends 50% of his working day running a team that goes into companies, rips out Facebook, and reports fully on employee activities.
Why? (I had no idea). The competition of a company that is employed by another will monitor any names they can find of employees of the other firm. If they can find a conversation about work on Facebook, and the firm they are wishing to be employed by is talked about by an employee doing their business (e.g., works sucks...this firm we have as a client is a PITA, etc.), they will take any disparaging information and go to a potential client and report how someone who is supposed to have their best interest in mind feels about them and try to steal the client. That, plus wasting company time. I guess like the SEC employees!
