FB stock priced at $38/share on Thursday, raises $18.4 billion

It was trading at $32-$34 just a month ago in SecondMarket trading, so it's up about 11% in just the past month, even with the market in general down about 10%.<p>Will open trading at 110 P/E ratio, Google's currently at 18.8.<p>GM announces they are pulling $10M from Facebook advertising because it's completely ineffective.<p>Their latest quarterly results prior to their IPO show that revenue is plateauing, even though their IPO prices in a 30% revenue growth year-over-year for the next 5 years.<p>Most inside investment banks (Goldman e.g.) are dumping more than 50% of their shares.<p>Other than that...great investment opportunity.

At $100b valuation it's worth 50% what Google is. This seems ludicrous, Google is far more diverse and actually has a working ad revenue model!<p>I'd rather have 1 Google share than 2 Facebook shares for sure.

I believed that the time Goldman Sachs winged into the Game (long before the IPO) it would kill Facebook slowly.<p>I can't believe that a valuation for FB can be that high without political corruption.<p>So $18.4 billion for a Social-Network with ~1 billion users, whose only income is using/selling AD-impact valuation Data. (And in the future an AppCenter where users can buy FB credits to play Games.)<p>I think Google and Amazon have more Data to predict and raise AD-impacts than FB will ever have.<p>+The FB code has already been stolen. Every other stock would fall hard, but not FB.

$18.4 billion dollars is a LOT of cash (to compare, Google raised $2.7 bn with their IPO). They can buy 18 SpaceX's, 2.3 Twitters or, you know, 18 more Instagrams. Their future is minted.

Insiders are selling.<p>Insider trades are always based on stronger information than you have and they are never random. There is always a purpose when they are selling. Why are insiders selling pre-IPO?<p>There's a Marketwatch article in the queue.

TIL Visa didn't go public until 2008.

These "poor" people have earned their cash-out time. Hopefully, it triggers a new VC monsoon in Silicon Valley so that newcomers can finally afford those &#62; $1M houses. :)

Anyone know how the tax situation is handled for employees?<p>Is there a tax event + lockup for anyone, or do all employees own their shares outright as RSUs with prior 83(b) elections?

Ads are Facebook's and Google's primary source of revenue. I wonder if there will ever be a market for ad-free, subscription-based search or social sites.