Originally posted by pikestaff
I think I am totally out of step with the rest of the world, not on any social site apart from this one, and two hobby sites, no cell phone, no idiot pad, no blueberry, no store cards, go to bed when I feel like it, get up when I feel like it, eat when I feel like it, watch what I want to watch on the idiot box, no soaps, no games, no sport, ( I must admit one failure, watching desperate housewives). I watch science and history mostly, plus comedies! do I exist I wonder?
Originally posted by jibeho
The simple fact that George Soros has positioned himself nicely with Facebook stock should raise anyone's eyebrow when other investors would not touch Facebook. Today is a big day for FB shareholders.
Details of Soros' odd investment choices. ODD!!
Currency speculator and billionaire philanthropist George Soros’ most recent 13-F report reveals two very intriguing facts:
1) He has abandoned his stake in major financials
2) He holds thousands of shares of Facebook stock
“Soros completely dumped his stakes in Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares), leaving him with no position in any major financials at all,” writes Business Insider’s Linette Lopez.
He also ditched tech stocks: “He got rid of minor stakes in Dell (3,100) and Intel (10,600).”
And as for his position in Facebook, Soros owns 341,000 shares.
Plenty of people are asking why and now FB announces this new facial recognition scheme....
“With so many users the Facebook business is enormous but the big question is whether they can monetise that audience,” said Motley Fool analyst Scott Philips. “Clearly Soros thinks they can.”
The move comes as Facebook yesterday started putting advertiser posts on users’ newsfeeds in a bid to generate more advertising revenue.
Expect Wal Mart to be on board with this new FB special offer/facial recog. idea as well..
Filings also reveal Soros upped his stake in US retail giant Wal-Mart to 4.8 million shares, worth $337 million.
Investors have been concerned about Facebook's ability to keep increasing revenue and make money from its growing mobile audience, even as many analysts hold positive long-term views.
Those eligible to sell stock on Thursday were the investors and directors who had participated in the May IPO. The exception was CEO Mark Zuckerberg, who will be ineligible until November. Microsoft Corp., an early Facebook investor, was eligible to sell, though it was unlikely to do so because of partnerships it has with the social network.
Lock-up periods prevent insiders from unloading shares too close to an IPO and can help prevent volatility that might occur if too many shareholders decide to sell a newly traded stock all at once. They generally start to expire 90 days after a stock makes its public debut. Thursday marked 90 days since Facebook's began trading publicly on May 18.
Facebook Inc.'s stock traded as low as $19.69 before bouncing back to $20 in midday trading Thursday. That's still nearly 6 percent down, or $1.20, from Wednesday's close and about 48 percent below its initial public offering price of $38. If the stock hits $19, it will have lost half its value since Facebook went public in May.
By noon, nearly 100 million shares had traded - more than three times the average volume on a full day.
Originally posted by Lagrimas
Perhaps you people who are scared of Facebook and scared of big brother have got something to hide??
Originally posted by Myomistress
I'm sorry, but I don't get what your problem is with facial recognition when entering stores? That is a GOOD thing. If faces are recognized whenever a person enters a shopping establishment it is a faster and easier way to catch burglars and other criminals that are at large. If they're recognized within a store especially if they're trying to rob again, the police may be called upon sooner and criminal can be caught much much sooner. It's about security and keeping the public and businesses safe, not to invade your privacy. Besides, as you stated, people can either opt in or out so what's the problem? It's voluntary.
Originally posted by earthdude
Facebook has ruined my chances of ever getting a decent job. Now employers know I don't like working and hate to be ordered around. I guess I should not have been so honest on there. Honesty will get your in more trouble on the internet than in other social circles.