4495 days ago
I wrote about an hour ago on TomWinnifrith.com that Facebook stock would trade at sub $10 on Nasdaq by Thanksgiving and that this was perhaps the number one short among global “blue chips.” Uh oh. It just got better for me, worse for the monster Zuckerburg. Some start up in New York ( Limited Run) says that it is pulling its Facebook ads because it found that 80% of those page impressions it was paying for on a click per basis model were in fact from bots (computer programmes) not people. Facebook says that it is investigating. Right. The bottom line is that those earnings models the porcine Wall Street analysts cooked up to justify the $38 IPO are just horse-shit. This stock is heading south fast.
