Why I Bought 1 Share of Facebook Stock
These last few weeks have been pretty tough. Last week my back went out, so I did very limited work. This week, I had an anxiety attack – something I was told to expect with a Blood Pressure medication I have been taking. I am now at about 90%. I am hoping to re-start iPad365 on a few episodes a week. But we’ll see once I am done with Geek Smack! for today.
BlogWorld & New Media Expo is only a week and a half away! I am putting together video for the show, and looking for people that are going. If you are, let me know and we’ll get on a Google Hangout to talk.
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Geek Smack! episode 225 Tech News:
– A new way to watch mobile from your Verizon device.
Did Chrome Beat IE?
– News yesterday of Google Chrome surpassing IE as the browser of choice might not be 100% true.
ooVoo Video Chat with 12 People
– Is ooVoo competing with Google Hangouts? Is Facebook switching to ooVoo over Skype?
Facebook Loses Trademark Fight
– Norwegian porn site Faceporn did not target Facebook users. Just because you have Face or Book in your name doesn’t mean Facebook can sue.
WiFi Hotspot Share
– 50,000 WiFi hotspots shared by 5 cable companies. Wish my cable company was one of them.
Sprint Updates Mobile Hotspot
– $20 for a 2 GB plan, or $50 for 6 GB to tether mobile devices to your phone.
Google Motorola Deal Done
– The $12.5 billion Google / Motorola Mobility acquisition is closed up. New CEO appointed.
– People pay tribute to Steve Jobs – Pinterest, Mashable, Dropbox are some of the winners.
Gesture Controlled PCs
– We could see this built into notebooks soon. Maybe even tablets.
Geek Smack! Geek News:
Space: SpaceX Launches
Disrupt or Music: Gtar Rocks
Infographic: Facebook Power User
Solar Eclipse: 9 Inventive pictures of Solar Eclipse
Audiophile: Sonos Subwoofer
Mobile: Sidecar iPhone, Android App
LEGO: FIRST Robotics Teams Graduation Grants–
Geek Smack: Why I Bought One Share of Facebook
Last week, Facebook filed their Internet Public Offering. It was a modest $38 a share, which some predicted would go up to $100 a share. However, after a fluctuating day, the stock was right back at $38. Monday didn’t bring any good news either, as it dropped to $31.46 by Tuesday morning.
The biggest problems with the stock is that Facebook gives away a lot of content without ads. One out of every Seven users access the site through the mobile phone or tablet. That is a lot of money being wasted. And while sometimes its good to give away the horse for free, when someone else owns the horse, you have to make sure you can pay the lease.
So on Friday, I made sure I bought 1 share of Facebook stock. Why?
Mostly for novelty. I bought a share of a tech giant the day it went on sale. I missed it with Yahoo!, I missed it with Google. I was too young at the time to buy Microsoft and Apple when they issued. However, I can say I am a First gen Facebook shareholder. One share doesn’t sound like much, but if the stock was to skyrocket, it would have split. Then one share would have become two. If the performance picks up, I could see this stock split a few times.
Think about it – two becomes four, four becomes eight, then 16, 32, 64, 128. The chances of the stock splitting seven times are not great, but 2 or 3 could happen. If shares rise to $100, I have $800 in 1 $38 stock. Even if it doesn’t split, I’ll have $100 in a $38 stock I bought.But if the stock fails, and either gets de-listed or Facebook decides to buy back all the shares and re-privatize, then I still had only invested $38 in a novelty.
Let’s hope it splits ten times, then goes past $100 in the next few years. That will give me a nice $100,000. Then I’ll be singing the Facebook Thank You Song
Geek Smack! is a weekly video show and podcast that comes out every Tuesday evening. Your host: Jeffrey Powers – talks tech news, IT news and geek news for the week. Geek Smack! is ©2012 under a Creative Commons no-deriv license. Never take candy from strangers. If you would like more information about what is technology, recent news, Geekazine, and Jeffrey Powers, feel free to contact him. Jeffrey Powers does interviews, just ask!