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| Facebook to buy WhatsApp for $19 billion in deal shocker Facebook to buy WhatsApp for $19 billion in deal shocker http://finance.yahoo.com (Reuters) - Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world's largest social network closer to the heart of mobile communications and may bring younger users into the fold. The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network's determination to win the market for messaging. Founded by a Ukrainian immigrant who dropped out of college, Jan Koum, and a Stanford alumnus, Brian Acton, WhatsApp is a Silicon Valley startup fairy tale, rocketing to 450 million users in five years and adding another million daily. "No one in the history of the world has ever done something like this," Facebook Chief Executive Mark Zuckerberg said on a conference call on Wednesday. Zuckerberg, who famously closed a $1 billion deal to buy photo-sharing service Instagram over a weekend in mid-2012, revealed on Wednesday that he proposed the tie-up over dinner with CEO Koum just 10 days earlier, on the night of February 9. WhatsApp was the leader among a wave of smartphone-based messaging apps that are now sweeping across North America, Asia and Europe. Although WhatsApp has adhered strictly to its core functionality of mimicking texting, other apps, such as Line in Japan or Tencent Holdings Ltd's WeChat, offer games or even e-commerce on top of their popular messaging features. The deal provides Facebook entree to new users, including teens who eschew the mainstream social networks but prefer WhatsApp and rivals, which have exploded in size as private messaging takes off. "People are calling them 'Facebook Nevers,'" said Jeremy Liew, a partner at Lightspeed and an early investor in Snapchat. How the service will pay for itself is not yet clear. Zuckerberg and Koum on the conference call did not say how the company would make money beyond a $1 annual fee, which is not charged for the first year. "The right strategy is to continue to focus on growth and product," Zuckerberg said. Zuckerberg and Koum said that WhatsApp will continue to operate independently, and promised to continue its policy of no advertising. "Communication is the one thing that you have to use daily, and it has a strong network effect," said Jonathan Teo, an early investor in Snapchat, another red-hot messaging company that flirted year ago with a multibillion dollar acquisition offer from Facebook. "Facebook is more about content and has not yet fully figured out communication." PRICE TAG Even so, many balked at the price tag. Facebook is paying $42 per user with the deal, dwarfing its own $33 per user cost of acquiring Instagram. By comparison, Japanese e-commerce giant Rakuten just bought messaging service Viber for $3 per user, in a $900 million deal. Rick Summer, an analyst with Morningstar, warned that while investors may welcome the addition of such a high-growth asset, it may point to an inherent weakness in the social networking company that has seen growth slow in recent quarters. "This is a tacit admission that Facebook can't do things that other networks are doing," he said, pointing to the fact that Facebook had photo-sharing and messaging before it bought Instagram and WhatsApp. "They can't replicate what other companies are doing so they go out and buy them. That's not all together encouraging necessarily and I think deals like these won't be the last one and that is something for investors to consider." Venture capitalist Sequoia Capital, which invested in WhatsApp in February 2011 and led three rounds of financing altogether, holds a stake worth roughly $3 billion of the $19 billion valuation, according to people familiar with the matter. "Goodness gracious, it's a good deal for WhatsApp," said Teo, the early investor in Snapchat. Facebook pledged a break-up fee of $1 billion in cash and $1 billion in stock if the deal falls through. Facebook was advised by Allen & Co, while WhatsApp has enlisted Morgan Stanley for the deal. Shares in Facebook slid 2.5 percent to $66.36 after hours, from a close of $68.06 on the Nasdaq. "No matter how you look at it this is an expensive deal and a very big bet and very big bets either work out or they perform quite poorly," Summer said. "Given the relative size, the enterprise valuations this is a very significant deal and it may not be the last one." (Reporting by Garry Shih and Sarah McBride in San Francisco; Additional reporting by Soham Chatterjee in Bangalore, writing by Edwin Chan, Editing by Savio D'Souza, Andrew Hay, Peter Henderson and Lisa Shumaker) username:jd tijdstip:2014.02.20 - 09h06m38 |
| facebook boven IPO prijs www.demorgen.be Het aandeel van de socialnetwerksite Facebook is voor het eerst boven de introductieprijs gestegen. In de vroege handel op de New Yorkse beursvloer werd een koers van 38,31 dollar genoteerd, een stijging van ruim één procent. Het aandeel ging in mei 2012 aan 38 dollar naar de beurs. Dat gebeurde met veel poeha, maar de koers ging al na enkele dagen de dieperik in. De laagste koers bedroeg 17,55 dollar. Beleggers zijn recent echter onder de indruk geraakt van de advertentie-inkomsten, vooral via mobiele toestellen. Dankzij lagere kosten werd bovendien een nettowinst in de boeken gezet. Facebook zag de omzet vorig kwartaal met ruim 600 miljoen dollar stijgen tot 1,8 miljard dollar (1,4 miljard euro). De inkomsten uit advertenties namen daarbij met 61 procent toe, tot 1,6 miljard dollar. Het bedrijf boekte een nettowinst van 333 miljoen dollar. Vorig jaar bleef onder de streep nog een verlies over van 157 miljoen dollar. username:mw tijdstip:2013.07.31 - 23h16m04 |
| Facebook Q4 ! http://investor.fb.com Fourth Quarter 2012 Financial Highlights Revenue — Revenue for the fourth quarter totaled $1.585 billion, an increase of 40%, compared with $1.13 billion in the fourth quarter of 2011. Revenue from advertising was $1.33 billion, representing 84% of total revenue and a 41% increase from the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased by 43%. Payments and other fees revenue for the fourth quarter was $256 million. As planned, in the fourth quarter of 2012 the company recognized revenue from four months of Payments transactions for accounting reasons detailed in our Form 10-Q filed on October 24, 2012. Adjusting for the $66 million of revenue in the extra month of December, Payments and other fees revenue would have been essentially flat year-over-year. Costs and expenses — Fourth quarter costs and expenses were $1.06 billion, an increase of 82% from the fourth quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were $849 million, an increase of 67%. Income from operations — For the fourth quarter, GAAP income from operations was $523 million, compared to income from operations of $548 million for the fourth quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP income from operations for the fourth quarter was $736 million, compared to $624 million for the fourth quarter of 2011. Operating margin — GAAP operating margin was 33% for the fourth quarter, compared to 48% for the fourth quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP operating margin was 46% for the fourth quarter, compared to 55% for the fourth quarter of 2011. Income tax provision — The GAAP income tax provision for the fourth quarter was $441 million, representing an 87% effective tax rate. Excluding share-based compensation expense and related payroll tax expenses, the non-GAAP effective tax rate would have been approximately 41%. Net income — GAAP net income for the fourth quarter was $64 million, compared to net income of $302 million for the fourth quarter of 2011. GAAP EPS for the fourth quarter was $0.03, compared to $0.14 for the same quarter in the prior year. Excluding share-based compensation and related payroll tax expenses, and income tax adjustments, non-GAAP net income for the fourth quarter was $426 million, or $0.17 per share, compared to $360 million and $0.15 per share for the same quarter in the prior year. Capital expenditures — Purchases of property and equipment for the fourth quarter were $198 million. Additionally, $89 million of equipment was procured or financed through capital leases during the fourth quarter of 2012. Cash and marketable securities — As of December 31, 2012, cash and marketable securities were $9.63 billion. username:moonwulf tijdstip:2013.02.01 - 21h31m43 |
| Facebook surges to 31.7$ http://finance?yahoo.com Facebook Inc. (FB) rose to a six-month high as predictions for mobile-advertising gains assuaged concerns that dragged down shares of the world’s largest social- networking service last year after its market debut. The shares advanced 1.3 percent to $31.72 in New York, the highest closing price since July 9. The stock has rebounded 79 percent from a record low in September. Facebook is still in the early stages of developing ads for users who access the social network via mobile devices instead of desktops, Doug Anmuth, an analyst at JPMorgan Chase & Co., wrote in a research report today. Features such as Facebook Exchange, which helps companies target ads based on users’ past Web activities, will help boost sales this year, he said. “We expect continued ad growth acceleration,” Anmuth said. “We do not believe Facebook shares are well-owned.” Shares may also be gaining from speculation that Facebook could use an event scheduled for Jan. 15 to assuage user concerns about ad policy changes for its Instagram photo-sharing service, according to Michael Pachter, an analyst at Wedbush Securities. A proposal letting advertisers display user names and images in marketing materials was scrapped last month. Many people threatened to leave Instagram before the plans were to take effect on Jan. 16. Instagram Integration “Because of the timing, I think there’s going to be some kind of Facebook-Instagram integration,” Pachter said in an interview. “The announcement will clear up the confusion about the terms of use.” Some investors are also anticipating that the event may relate to a new Web search or advertising platform, said John Blackledge, an analyst at Cowen & Co. Facebook lost more than half of its value after holding its once-touted initial public offering in May. Investors fretted about the prospects for growth with an untested mobile advertising service that had only been started in March. About 60 percent of the more than 1 billion Facebook members accessed the social network via mobile devices at the end of the third quarter, compared with about 47 percent a year earlier. Investors were reassured in October when Facebook said about 14 percent of advertising sales were already coming from smartphones and tablets. Mobile Push Spending on mobile now makes up a fifth of total advertising on Facebook, according to Kenshoo Ltd., a provider of technology that helps companies buy online advertising. Facebook gets 70 percent more for mobile ads than it does with its counterparts on desktops, helped by fewer ad spots being available on the smaller mobile devices. Companies are ramping up spending as they see an impact from advertising on Facebook, said Aaron Goldman, chief marketing officer for Kenshoo. Big brands are spending more consistently on the service instead of one-time campaigns, he said. “Overall, Facebook has a lot of momentum,” Goldman said. “People are starting to realize, ‘I need an always-on strategy.’” Facebook will post third-quarter results Jan. 30. The company should report sales rose 34 percent to $1.51 billion in the fourth quarter from the year-ago period, faster than the growth rate of 32 percent in the two previous quarters, according to estimates compiled by Bloomberg. username:mw tijdstip:2013.01.11 - 22h50m42 |
| Facebook in nasdaq-100 www.standaard.be De sociaalnetwerksite Facebook treedt op 12 december toe tot de Nasdaq 100, de beursindex met de 100 meest verhandelde niet-financiële ondernemingen op de Nasdaq. Dat maakte de schermenbeurs woensdag bekend. Heel wat fondsen baseren zich op dit type van indexen voor de samenstelling van hun portefeuilles. Facebook zal de plaats innemen van de Indiase onderneming Infosys, die eind november aankondigde haar notering te willen overbrengen van de Nasdaq naar de New York Stock Exchange (NYSE), om haar aandelen toegankelijker te maken voor Europese investeerders. Facebook deed in mei met veel poeha zijn intrede op de Nasdaq. De koers van het aandeel, bij de beursgang 38 dollar, kelderde echter en het aandeel verloor in enkele maanden tijd meer dan de helft van zijn waarde. Sinds enkele weken gaat het weer iets beter met het aandeel, na de publicatie van gunstige kwartaalresultaten. Woensdag omstreeks 18.00 uur noteerde het aandeel op 27,52 dollar, waardoor Facebook goed is voor een beurskapitalisatie van 59,7 miljard dollar. username:mw tijdstip:2012.12.05 - 21h23m56 |
| FB +30% month on month www.cnbc.com November was a good month for Facebook shareholders. Shares of the social networking giant’s stock rose 30 percent, making for its best monthly performance since going public in May. Now, the stock could see an important status update, with a likely inclusion into the Nasdaq 100 index before year’s end. “Any time a major stock can get added to an index like that, it’s good news for the company in terms of share price,” said David Weild, Chairman and CEO of Capital Markets Advisory Partners, and a former Vice Chairman of Nasdaq. “You usually do get a bit of bump,” he explained, because funds that track the index have to buy the shares. “ It creates demand.” Facebook [FB 28.00 0.68 (+2.49%) ] is currently the Nasdaq-listed company with the largest market valuation that is not included in the Nasdaq 100 Index, making it the most likely firm to replace IT-services firm Infosys [INFY 44.45 -0.21 (-0.47%) ] as early as December 12th, when the company will switch its listing to the New York Stock Exchange from Nasdaq. There are more than seven thousand funds and other financial products globally that track the Nasdaq 100 Index, according to Nasdaq. The most well known of these funds is the Powershares QQQ Trust ETF, often refered to as the QQQs. But Art Hogan, Lazard Capital Markets head of Product Strategy says being added to the QQQs may not provide much of a boost for Facebook, compared to inclusion in the more widely-tracked S&P 500. “Looking behind the fundamentals behind what drive a move, the S&P is the largest benchmark,” said Hogan. Under S&P’s indexing rules, a company’s shares usually have to be publicly listed and the firm needs to have reported a full year of quarterly earnings for it to be eligible for addition to S&P 500. “That’s the guidance,” explained Howard Silverblatt, S&P senior index analyst. “You really want more stability.” But even if it is added to the benchmark S&P next year, it may not provide such a big gain for Facebook. While it may push some funds to buy it for the first time, there are a lot of institutional investors that have already bought into the stock, including Fidelity which boosted its stake by 20 million shares in the third quarter, when Facebook shares fell to nearly half its $38 IPO price. “This was a have-to-own stock for a lot of institutions, ” said CMA’s David Weild. Facebook shares are still down 26 percent from their May IPO, despite the strong rally in November. Weild believes FB’s likely inclusion in the Nasdaq 100 will be a positive catalyst for the stock. “It should help the stock trade at a premium to where it otherwise would have traded.” username:mw tijdstip:2012.12.01 - 13h23m19 |
| Facebook licht boven verwachting Facebook Jumps 8% on Q3 Rev, EPS Beat Shares of Facebook (FB) are up $1.53, or almost 8%, at $21.02 in late trading after the company this afternoon reported Q3 revenue and earnings per share that surpassed analysts’ estimates. Revenue in the three months ended in June rose to $1.26 billion, yielding EPS of 12 cents. Analysts had been modeling $1.23 billion and 11 cents a share. http://finance.yahoo.com username:moonwulf tijdstip:2012.10.23 - 22h33m43 |
| Facebook +17% op 4 dagen: Facebook exchange Facebook Exchange, a real-time bidding platform for advertisers unveiled in June, is among “promising” new options for placing ads, Kessler said in a research report today. Facebook is doing a better job than Google Inc. (GOOG) in getting Web surfers to click on advertising based on browsing history, according to some partners using Facebook Exchange. Facebook Exchange Facebook Exchange, or FBX, generates as much as four times the return on ad dollars than other real-time bidding systems, said Triggit Inc., which makes software tools to help Facebook deliver the ads. Another partner, AdRoll, said advertisers used to getting $10 for every $1 they spend are making $16 for every dollar spent on FBX. An increasing portion of display advertising sales is driven by this real-time bidding. Of the $18.9 billion projected to be spent on online display ads in the U.S. in 2015, about $5.08 billion, or 27 percent, will come from real-time bidding, according to researcher IDC. This year, real-time bidding will represent about 16 percent of the $12.6 billion U.S. market for display ads, IDC said. Ashley Zandy, a spokeswoman for Facebook, declined to comment. username:mw tijdstip:2012.09.14 - 21h03m26 |
| Zuckerberg houdt aandelen zeker nog 12 maanden bij http://www.standaard.be Facebook-oprichter Mark Zuckerberg stelt zich demonstratief achter zijn bedrijf: in een mededeling aan de beursautoriteiten laat hij weten zijn aandelenpakket nog minstens twaalf maanden bij te zullen houden. De aankondiging komt er nadat het aandeel van Facebook een nieuw dieptepunt heeft bereikt. Het zakte dinsdag tot 17,55 dollar. In mei ging het nog aan 38 dollar per stuk naar de beurs. Diegenen die toen intekenden, hebben intussen al 54 procent van hun investering verloren. Bij de beursgang verkocht Zuckerberg al een pakket van 30 miljoen aandelen, maar hij bezit nog steeds ongeveer een half miljard aandelen. Er heerst nervositeit bij beleggers, omdat andere eigenaars en personeelsleden van de sociale netwerksite hun participatie binnenkort zouden mogen verkopen. Gevreesd wordt dat ze massaal van deze mogelijkheid zullen gebruik maken. Daarmee dreigt de koers nog verder te zakken. username:mw tijdstip:2012.09.05 - 20h24m15 |
| downgrade Morgan Stanley http://www.bloomberg.com Facebook Inc. (FB) fell to a record low after Morgan Stanley (MS), a lead underwriter of the company’s initial public offering, cut its price forecast on concern that the social network is struggling to reach mobile users with ads. Facebook fell 1.4 percent to $17.80 at 1:26 p.m. in New York. Earlier, it touched $17.55, the lowest level since the Mountain View, California-based company went public at $38 a share on May 17. As more users access Facebook’s site over smartphones and tablets, they’re exposed to fewer ads, Scott Devitt, an analyst at Morgan Stanley in New York, said in a note to clients today. Facebook’s desktop site shows about 30 times more ads per user each day than its mobile counterpart, he said. Devitt now expects Facebook shares to reach $32 in the next 12 months, down from his previous projection of $38. Facebook, which has lost more than half its value since May 17, has been suffering as analysts and researchers temper expectations for revenue growth. Douglas Anmuth, an analyst at JPMorgan Chase & Co. (JPM), said in a separate note today that the company may not be able to make as much money from games as he previously thought. “The dynamics around social gaming have changed, leading to lower monetization for Facebook,” Anmuth said in the note. “Web games now operate in a more competitive space, and users are rapidly shifting to mobile devices where Apple and Google control app distribution and payments.” Lower Estimate Still, Facebook’s advertising revenue should increase more quickly in the second half of 2012 and into next year as it boosts the use of sponsored story ads, said Anmuth, who rates the stock overweight. Last week, advertising researcher EMarketer Inc. lowered its revenue estimate for Facebook. The company expects Facebook to post $5.04 billion in sales this year, less than its projection in February of $6.1 billion. Growth in advertising, which makes up the majority of Facebook’s sales, will slow to 34 percent in 2012 and 29 percent in 2013, from more than 68 percent last year, New York-based EMarketer said. In July, Facebook reported sales growth of 32 percent in the second quarter, down from 45 percent in the first quarter and 55 percent in the fourth quarter. -- Editors: Reed Stevenson, Jillian Ward username:mw tijdstip:2012.09.04 - 20h47m46 |
| Facebook bounces Shares of Facebook Inc. FB +0.05% began the week on a downbeat note, hitting a low of $18.75, but the social-networking stock bounced back after Capstone Investments upgraded the shares to buy from hold with a price target of $26. The stock gained 5% to close at $20.01. Click to Play In a note, analyst Rory Maher cited potential “upside to the company’s core business and potential returns from new businesses the stock price currently does not give the company credit for.” Maher added, “Over the long term we see social media carving a strong position as a media and advertising category, but don’t expect Facebook to create a new ad product, like search, that essentially redefines the online industry and steals major share from other ad categories.” username:mw tijdstip:2012.08.20 - 23h05m16 |
| vraag om ontslag MZ http://www.hln.be De Facebook-aandelen zakken steeds dieper weg en op Wall street wordt er gegromd. "Er komt steeds meer consensus dat Mark Zuckerberg, hoeveel talent hij ook heeft, niet geschikt is als CEO van een miljardenbedrijf", vertelt een onderzoeker aan de krant LA Times. De 28-jarige Zuckerberg bezit zoveel aandelen en macht, dat hij niet ontslagen kan worden. Maar sommigen zouden willen dat hij vrijwillig opnieuw als ontwikkelaar gaat werken en de taken van CEO aan een bestuur met ervaring geeft. Anderen zeggen dat er geen garantie is dat een nieuwe CEO de vooruitzichten van de sociaalnetwerksite zal verbeteren. "Zuckerberg lijkt een redelijke gast. De markt moet hem een beetje meer tijd moet geven om zich te bewijzen", aldus een bankier in de krant LA Times. "Zijn gedrag is wat je kan verwachten van iemand van zijn leeftijd. Kaptrui en al", aldus een investeerder. "Hij zijn publiek te imponeren in plaats van verantwoordelijk te zijn tegenover de investeerders." Het aandeel van de sociaalnetwerksite daalde sinds de beursgang met vijftig procent. Eerder deze maand zei Zuckerberg dat het voor werknemers misschien pijnlijk is om te zien dat beleggers het aandeel massaal verkopen. Facebook-werknemers die aandelen bezitten, kunnen hun stukken nog niet verkopen. In oktober, november en december lopen verschillende zogenoemde lock-upperiodes af. username:mw tijdstip:2012.08.18 - 10h33m20 |
| facebook 19,69$ - first lockup gone Facebook Shares Plunge as Insider Lockup Expires Shares of Facebook (FB) hit a fresh all-time low, falling as much as 6.5% in early trading after the company's insider lockup period expired. As many as 271 million shares could potentially hit the market today. It's the first of a series of expirations that could result in almost 2-billion shares being released to the public over the next two years. Facebook currently has 420 million shares in the public markets. With a lack of demand having already cut FB shares almost in half, the prospect of more supply is horrifying to those hearty few that are still long. Breakout spoke to Jon Najarian of OptionMonster.com about the implications of the release of additional shares. [Note: Najarian has a long position in FB] "The single biggest thing it might do is make it less expensive to be short Facebook," Najarian says to the likely horror of the bulls. He's referring to how much brokerages charge customers to execute a short. For a company like IBM (IBM), with a massive float and little zealous shorting, the price to borrow is low. For companies with relatively low floats and horrendous prospects, being a bear gets more expensive. For companies like Groupon (GRPN) and Yelp (YELP) where the floats are small and prospects viewed as dim, Najarian says getting a borrow can cost as much as half the face value of the stock itself. At such a price the stock would have to drop 50% before the bear makes money; an unattractive risk/reward set up for most. Najarian thinks the Facebook un-Likers making bearish bets on the end of the lockup are off base. Just because the venture capitalists and select insiders can sell their shares doesn't mean they will. Some, like Microsoft (MSFT), which has more than 26 million shares getting freed, already said they have no plans to sell. Other holders may not need the liquidity or even think FB shares are undervalued. Seriously. Unless a good portion of the 271 million shares up for sale get dumped into the market, Facebook shorts can get caught in a classic Short Squeeze. "Perhaps it's going to be a little cheaper for them to be short going forward on the borrow side but if the selling pressure doesn't hit, a lot these shorts are going to scramble," he says. Najarian, who correctly forecast a Facebook rally last June, is playing the shares from the long side again. He's estimating the stock could move as high as $26 or $27 if the bears get snagged. Sometimes the less obvious trades have the most potential. In the case of Facebook, it's not in the least bit clear getting long ahead of another quarter billion shares potentially coming to market this week is counter-intuitive, to say the least. Be sure to check out details of Jon's upcoming Invest Like a Monster conference in September. Please answer our poll question below: Will Facebook end this year above or below its IPO price of $38 a share? username:mw tijdstip:2012.08.16 - 23h05m31 |
| Netflix CEO buys http://finance.yahoo.com CHICAGO (MarketWatch) -- Netflix Inc. NFLX +3.44% Chief Executive Reed Hastings has acquired $1 million in Facebook Inc. FB +2.90% stock, Facebook disclosed in a Friday Securities and Exchange Commission filing. Hastings, a member of Facebook's board of directors, revealed that he bought 47,846 shares of Facebook on Wednesday at an average price of $21.03 a share, the filing said. Previously, Hastings had 20,000 restricted stock units he was granted when he joined the board in June. Facebook shares had declined 45% from their May debut through Thursday. The social media network's stock was up 2.5% in Friday afternoon trading. username:mw tijdstip:2012.08.10 - 21h27m24 |
| "support at 16.5$" http://finance.yahoo.com Facebook Slips: Support at $16.50, Says Wedbush By Tiernan Ray Shares of Facebook (FB) were especially weak today, falling 84 cents, or 4%, to $20.04, and at one point falling as low as $19.82, a new low, amidst no apparent news. The Wall Street Journal’s Paul Vigna earlier this afternoon had a write-up on the situation, relating that there’s been nothing to “resolve the main issues dogging the stock” of late. “There’s huge negative sentiment [on the stock] and there hasn’t been a counter to that,” Facebook analyst Victor Anthony of Topeka Capital tells Vigna. In a conversation this afternoon by phone, Wedbush Securities’s Michael Pachter put a finer point on it for me. “You have sellers who are disgusted and buyers who are simply going to wait,” says Pachter, who has an Outperform rating on the shares and a $35 price target. Pachter cites uncertainty as the main culprit: By declining to offer any forecast for revenue during last week’s Q2 conference call, and at the same time forecasting spending to rise, the company has done worse than say nothing. It has projected “negative leverage” into the minds of Street analysts, contends Pachter. Expenses will rise perhaps 60% or more the next couple of quarters, but there’s no way to know if revenue will rise by more than the 30% or so the Street is predicting. As a consequence of not knowing the exact breadth, nor the duration, of heightened spending, analysts have little but to guess at what earnings may be further out. The result is a very wide spread of estimates for 2013. Pachter’s estimate is for non-GAAP EPS of 55 cents a share for the year. But the spread is currently from 36 cents on up to 83 cents. “Saying we simply are going to spend more makes people extrapolate the worst,” observes Pachter. “I think what would have been great is if they’d said Look, we’re spending in Q3 and Q4 about $350 million and $500 million,” says Pachter. “Of that, about $200 million per quarter would be what they need just to run the business, and the rest is to make investments in infrastructure to grow our mobile presence in places such as Vietnam and Indonesia.” The result would have been “we know it [the spending increase] ends some day,” says Pachter. “Those kinds of things, directionally, make people comfortable.” Sure, it could be that lockup expirations looming this month matter as well. The company has done nothing to mitigate that fears, say, by restructuring the expiration agreements. But lockups don’t matter as much as uncertainty about the financials, says Pachter. For lack of all that, Pachter thinks investors should look to support at $16.50, or 30 times his 55-cent estimate for next year. Pachter says he’s talked with more investors lately who aren’t in the shares and want to get into it than people who already own Facebook. “I’d rather that you buy it at $21 on the way up, and not $20 on the way down,” advises Pachter. “It’s not going to work until you create more demand than supply, and the way you do that is either to create more visibility, or to let the stock get to a level where everyone agrees it’s stupid cheap.” username:mw tijdstip:2012.08.02 - 22h56m42 |
| Facebook 22.28$ http://www.standaard.be Het Facebookaandeel heeft vrijdag een nieuw dieptepunt bereikt en noteert intussen al 40 procent lager dan de intekenprijs. Beleggers dumpen het aandeel na de publicatie van teleurstellende kwartaalcijfers. Het aandeel ging vrijdag op een bepaald moment meer dan 17 procent lager, tot 22,28 dollar. De beursintroductie gebeurde aan 38 dollar per aandeel. De socialenetwerksite zag dus al miljarden dollars aan beurswaarde in rook opgaan. Beleggers maken zich zorgen over hoe het bedrijf extra inkomsten zal halen bij gebruikers van smartphones. De uitlatingen van stichter Mark Zuckerberg waren niet geruststellend. Hij verklaarde op een conference call dat "er vele uitdagingen blijven" en wilde slechts vage prognoses geven. 157 miljoen dollar verlies De netwerksite meldde donderdagavond laat dat het in het tweede trimester van 2012 een nettoverlies geboektheeft van 157 miljoen dollar (127,8 miljoen euro). Het zijn de eerste resultaten sinds de beursgang van de sociaalnetwerksite. Zonder de kosten in verband met de problematische beursgang, maakte het concern wel een winst van 12 cent per aandeel. De omzet ging met 32 procent omhoog tot 1,2 miljard dollar (977 miljoen euro). De cijfers kwamen, uitgezonderd de last, overeen met de verwachtingen. Gebruik neemt wel toe Sinds eind maart steeg het aantal actieve Facebook-gebruikers van 901 miljoen naar 955 miljoen. De advertentie-omzet ging 28 procent vooruit tot 992 miljoen dollar. Farmville Een dag eerder kwam Zynga, de maker van het Facebook-spelletje Farmville al met dramatische cijfers. Het bedrijf is zelf niet aan Facebook verbonden, maar is wel van de site afhankelijk omdat het spel enkel via de site is te spelen. Volgens Zynga zijn de vooruitzichten van Facebook niet goed, wat beleggers ook nerveus maakt. username:mw tijdstip:2012.07.27 - 22h39m03 |
| Facebook 28.84$ http://finance.yahoo.com "If you have nothing good to say, don't say anything at all" your mother probably told you many times, and yet, when it comes to Facebook (FB), the doomsayers are ruling the day, while fanatics are nowhere to be found. As much as options trading is the norm for most large cap stocks, in the case of the newly minted social media stock, the trading debut of its puts and calls has brought with it another new low and more volatility. "Options allow for people to take long and short positions and levered positions," says Bruno Del Ama, CEO of Global X Funds -creator of the Social Media etf (SOCL)- in the attached video. "So that may add to volatility, but it also adds to price discovery of the stock." And that, he says, is a process that needs to play out, and one that makes deriving early valuation estimates very difficult. Facebook has its detractors, Del Ama points out that the street's beef is overwhelmingly about price and has little to do with the underlying franchise or network, which continues to garner tremendous respect and admiration. And ultimately, he says, it will gain converts and earn the market premium he thinks it deserves. "I think the thing people are overlooking on the positive side is what the company will do with revenues," Del Ama says, reminding investors that it is a "very unique asset" that also happens to be "growing very, very quickly." While he characterizes Facebook's first week as ''awful," he's confident better days and better news flow will come. "Starting now and going forward, there's going to be more focus in the fundamentals," he says, although admits to be worried about choppy trade ahead of 2nd quarter earnings, as well as when the 3-month and 6-month insider lock-up periods are lifted. In the meantime, the disappointment of the year nominee has now shed 35%, or about $45 billion from it's momentary peak of $45 a share. That plunge makes it about 1/3 as valuable as Google (GOOG), down from about half its size just 10 days ago. And as much as the criticism of Facebook is currently flowing freely, the day will soon come when someone has something nice to say. Do you think Facebook (FB) will end this year above or below its IPO price of $38 a share? Please answer our poll question below and visit us on Facebook! username:mw tijdstip:2012.05.29 - 23h24m11 |
| huidige waardering Aan 31$ zitten we aan een marktwaarde van 84 miljard US$. Het probleem met de IPO is dat de beleggers tegenwoordig (terecht) een risicopremie vragen. De waarde kan misschien ooit 100 miljard dollar zijn, maar dit is nu ver van zeker. username:moonwulf tijdstip:2012.05.23 - 09h21m55 |
| konijnenwaardering http://www.vief.be “Vergeef me de overdrijving, maar als Facebook-gebruikers zijn jullie allemaal konijnen”. Deze intrigerende uitspraak en al even boeiende column werd gespot in De Tijd van dinsdag, de dag nadat het Facebook-aandeel een klap van 11 procent of wat incasseerde. Aan de beursgang van Facebook afgelopen vrijdag zijn massa’s lettertjes vergooid. Met name de exorbitante waardering van de sociale netwerksite werpt vragen op. Voor zover ons oog reikt, is veruit de meest interessante visie hierop de vergelijking van Facebookgebruikers met konijnen door Peter Cauwels, econofysicus aan het Zwitsers Federaal Technologisch Instituut. Je denkt misschien spontaan aan konijnen die voor een lichtbak zitten zoals Facebookers op hun profiel. Had voor ons een even treffend beeld geweest, maar Cauwels heeft het over iets helemaal anders. Fibonacci Hoe snel planten konijnen zich voort? Zo begint hij zijn betoog in een poging om te schetsen wat er voor Facebook nog aan groei mag verwacht worden. Cauwels verwijst met die vraag naar het ‘konijnenprobleem’, zo word de rij van Fibonacci (0,1,1,2,3,5,8,13,21…som telkens van twee vorige getallen) ook genoemd. In een omgeving met ongekende groeimogelijkheden groeit een konijnenpopulatie exponentieel. Maar de groeimogelijkheden zijn voor de konijnen-Facebookers niet onbeperkt. Zet ze op een eiland met gelimiteerde voedselvoorraaden en de groei van de populatie vertoont geen patroon zoals een rij van Fibonacci, maar eerder een S-patroon. Zo stelde de Belgische wiskundige Pierre François Verhulst vast: Eerst sterke groei maar naarmate de competitie voor voedsel toeneemt, vlakt de groei af en wordt een evenwicht bereikt. Volgens Cauwels volgt de Facebookpopulatie – nu 900 miljoen gebruikers – al een perfect S-patroon en is de groei aan het afzwakken: “Wij berekenden dat het plafond zal worden bereikt tussen 1,1 en 1,4 miljard gebruikers”. Op basis daarvan en de 1,2 dollar winst per gebruiker zou de waarde van Facebook kunnen geraamd worden op 20 tot 30 dollar. Dat is amper een derde van de ongeveer 104 miljard dollar waar de introductieprijs van de aandelen op gebaseerd was. De echte konijnen zijn niet de gebruikers achter hun lichtbak, maar de beleggers die als een leger hazen hopen op een snelle winst. Dit is de ‘greater fool’-aanpak. Je weet dat het een gigantische hype is, maar gokt erop dat er nog een grotere idioot opduikt die aan nog hogere prijs koopt. Cauwels waarschuwt – voor zover dat na de geflopte introductie nog nodig is – kandidaat hazen. Aandelen van andere netwerken kregen op de dag van de introductie rake klappen: het Chinese Facebook (Renzen) verloor 21 procent, Zynga 13, Groupon en Pandora 7 procent en LinkedIn 6 procent. Facebook zelf bleef op de eerste handelsdag vrijdag nog overeind, omdat de investeringsbanken tot 63 miljoen aandelen (goed voor 2,5 miljard dollar) konden kopen om de koers te ondersteunen. Die doping heeft niet gewerkt, dinsdag ging het Facebook-aandeel opnieuw enkele procenten naar beneden. De voorraad greater fools is blijkbaar op. username:moonwulf tijdstip:2012.05.23 - 09h19m38 |
| 104 keer de winst 104 keer de winst, compleet van de pot gerukt. Netvision Day 2...Payton Planar...6 keer de winst. Die hooggespannen verwachtingen kunnen ze nooit waarmaken. Hoort thuis in de categorie Netvision, Real Software,....vandaag al 11% lager. Aan die hype doe ik niet mee... username:BlueHorseshoe tijdstip:2012.05.21 - 21h59m27 |
| Facebook day Morgen vrijdag 18 mei komt Facebook (NYSE:FB) eindelijk naar de Amerikaanse beurs. Deze gehypte IPO is een fantastisch moment voor de volledige internet sector. Ik zie dan ook niets liever dan een schitterend succes over heel de lijn, inclusief mooie koersklimmen in de eerste weken. De IPO waardeert Facebook op 104 miljard dollar. Dit tegenover bvb. 50 miljard voor Ebay (NYSE:EBAY)203 miljard voor Google (NYSE:GOOG) en 10 miljard voor LinkedIn (NYSE:LNKD) De orde van grootte van deze bedrijven lijkt me internetgewijs de logica zelve, met als voetnoot dat één belangrijke 'vogel' nog ontbreekt. De stevige prijs die Facebook voor zichzelf kan krijgen, laat ons dus vermoeden dat het een serieuze challenger voor Google wil worden. Facebook wordt meer bezocht dan Google. Echter Google is een zoekmachine voor serieuze zoekopdrachten, Facebook hangt iets meer in de ontspanningssfeer. De vraag is of Facebook deze trend kan omkeren. Ik geloof er in ieder geval in! username:moonwulf tijdstip:2012.05.17 - 23h24m33 |
| FB IPO @ 38$ http://www.standaard.be Facebook prikte de intekenprijs voor het beursdebuut vrijdag op 38 dollar vast. Dat is de helft meer dan de onderkant van de prijswork waarmee de sociale netwerksite de 'opwarmronde' aftrapte. De kogel is door de kerk. Facebook trapt vrijdag op Nasdaq zijn beursdebuut onder de ticker 'FB' af op 38 dollar per aandeel. Dat is de bovenkant van de prijsvork van 34 à 38 dollar die de sociale netwerksite eerder deze week instelde. Die vork was al een forse verhoging tegenover de prijsvork van 28 à 35 dollar waarmee Facebook zich eerst voor de beursgang warm liep. Bijgevolg is het aandeel nog voor het goed en wel op de beurs noteert al een derde duurder geworden, tegenover de onderkant van de oorspronkelijke prijsvork. Dit met dank aan de enorme beleggersinteresse voor de netwerksite met zijn meer dan 900 miljoen gebruikers. Niemand wil de meest gehypete beursgang sinds die van Google in 2004 missen. 104 miljard In datzelfde jaar 2004 had Mark Zuckerberg op zijn slaapkamer in Harvard een idee. Acht jaar later is dat idee meer dan 100 miljard waard. De intekenprijs waardeert Facebook immers op 104 miljard dollar, dat is zo'n 115 dollar voor elk van de 901 miljoen gebruikers de netwerksite op dit ogenblik telt. Heel wat analisten spraken hun scepsis uit over de waardering, maar dat was ook bij Google in 2004 het geval. Maar die internetreus trok tegen 85 dollar naar Nasdaq en zag de koers sindsdien tot meer dan 600 dollar stijgen. Met de beursgang haalt Facebook 16 miljard dollar op, via de verkoop van 180 miljoen nieuwe en 241 miljoen bestaande aandelen. Inclusief een overtoewijzingsoptie van 63 miljoen aandelen kan de technologiegroep in totaal 18,4 miljard ophalen. Dat zou Facebook tot één de grootste beursgang ooit op Wall Street maken, na kredietkaartenreus Visa. Oprichter Mark Zuckerberg verkoopt voor zo'n 1,2 miljard dollar aandelen. Zijn resterend belang zal bij de IPO zo'n 19 miljard dollar waard zijn. Met de beursgang noteert Facebook tegen 104 keer de nettowinst van 1 miljard dollar en 28 keer de omzet van 3,7 miljard dollar. username:moonwulf tijdstip:2012.05.17 - 23h07m25 |
| IPO target verhoogd NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc has raised the price range on its initial public offering to $34 to $38 a share in response to strong demand, a source familiar with the situation said, giving the No.1 social network a valuation exceeding $100 billion. At the mid-point of $36, Facebook would raise $12.1 billion by selling 337.4 million shares. The company founded in a Harvard dorm room by Mark Zuckerberg, who turned 28 on Monday, had originally aimed for $28 to $35 a share. Wall Street had expected the company to increase the price range, with investors keen to get in on Silicon Valley's largest ever IPO that eclipses Google Inc's 2004 debut. Its roadshow began last week and has drawn crowds. The company plans to close the books on its IPO on Tuesday, two days ahead of schedule and in a signal that the landmark initial share sale is drumming up strong demand, a second source familiar with the deal told Reuters earlier. The social network is scheduled on Thursday to price its shares, then begin trading on Friday. The IPO is already "well oversubscribed," which is why the company is closing its books earlier than anticipated, the source said. The raised price range marks an increase of 21 percent on the lower end. A hike of more than 20 percent typically means the company would have to file an amendment with the Securities and Exchange Commission. Company spokesman Jonny Thaw declined to comment on Monday. The IPO comes amid concerns from some investors that Facebook hasn't yet figured out a way to make money from an increasing number of users who access the social network on mobile devices such as smartphones. Facebook will continue with its roadshow for the rest of the week, said a third source familiar with the deal, and investors who haven't yet attended a roadshow presentation will still be able to place orders. Company executives met with prospective investors in Chicago on Monday and are slated to travel to Kansas City and Denver, before returning to Menlo Park, California, where Facebook is headquartered. A host of Wall Street banks are underwriting Facebook's offering, with Morgan Stanley, JPMorgan and Goldman Sachs serving as leads. Facebook will trade on Nasdaq under the symbol FB. CNBC reported the higher price range earlier, citing sources. username:mw tijdstip:2012.05.15 - 09h18m35 |
| Facebook neemt Instagram over voor 1mia http://www.standaard.be BRUSSEL - Facebook, het grootste sociale netwerk op het internet, telt 1 miljard dollar neer in aandelen en cash voor de populaire foto-applicatie Instagram. Het gaat om de grootste overname tot nu toe door Facebook, dat acht jaar geleden werd opgericht en zijn opwachting maakt om in mei naar de beurs te trekken. De deal wordt bekendgemaakt één dag nadat Instagram, een populaire foto-applicatie voor de iPhone, nu ook draait op Android. Instagram bestaat nog maar 550 dagen en telt bijna 30 miljoen geregistreerde gebruikers. Maar het minder dan twee jaar oude bedrijf met hooguit tien medewerkers is dus voldoende voor een overnamebod van 1 miljard dollar. Doordat Facebook deels in aandelen betaalt, is die hoge waarde relatief. Facebook betaalt met een munt die zelf flink overgewaardeerd is en doet denken aan de dotcomzeepbel van rond de millenniumwissel. Het legt de hand op een snel groeiend sociaal netwerk, toegespitst op foto's die gemaakt worden met smartphones. Daar waar je met Twitter via berichtjes volgt wat er leeft in de wereld, gebeurt de communicatie via Instagram met foto's. Met Instagram kunnen gebruikers foto's die ze met hun mobiele telefoon gemaakt hebben, delen maar er ook een eigen look en feel aan geven via een digitale filter. Volgers kunnen er een ‘like' aan toevoegen of iets uitgebreidere commentaar. De app heeft sinds de lancering in oktober 2010 voor iOS-apparaten al meer dan 27 miljoen geregistreerde gebruikers. Door de recente uitbreiding naar Android is ondertussen de kaap van 30 miljoen gebruikers genomen. Facebookbaas Mark Zuckerberg vlaste al een tijd op het bedrijf. Begin 2011, toen Instagram nog maar 5 medewerkers en 7 miljoen gebruikers telde, benaderde Zuckerberg al Instagram-costichter Kevin Systrom met een overnamevoorstel. Maar Systrom wilde zijn bedrijfje verder uitbouwen in plaats van geïntegreerd te worden in het Facebook-platform. Hij haalde toen 7 miljoen dollar op. Bij een recente transactie van 50 miljoen dollar werd het bedrijf op een half miljard gewaardeerd. Onder meer fondsen die in een vroege fase in Google en of Linkedin stapten, waren van de partij. Zuckerberg verdubbelt die waardering nu. Instagram moet ervoor zorgen dat de smart phone community ook Facebook als communicatiekanaal blijft gebruiken. Volgens Zuckerberg is het niet de bedoeling dat Instagram zomaar in Facebook geïntegreerd wordt, maar er zal blijven gebouwd worden aan de app. ‘Over de hele wereld houden miljoenen mensen van de Instagram app en het merk dat ermee geassiocieerd wordt en het is ons doel te helpen deze app te verspreiden,' aldus Zuckerberg. Dat is een breuk met vroegere overnames waarbij Facebook de technologie nog enkel liet bestaan voor Facebook-gebruik. Ook eigenaar van Instagram Kevin Systrom, die samen met Mike Krieger het bedrijf oprichtte, maakt in een blog duidelijk dat Instagram niet zal verdwijnen. De app blijft volgens hem hetzelfde. ‘We gaan met Facebook werken aan het verder bouwen en ontwikkelen van Instagram en het netwerk', schrijft hij. Niet alle Instagramfans zijn er gerust in. Facebook kocht eerder al kleine start-ups om ze vervolgens te sluiten. FriendFeed, Hot Potato en meer recent de locatie-app Gowalla zijn bekend voorbeelden. ‘Gowalla was leuk zolang het bestond', reageerde een (voormalig) gebruiker gisteren op de Facebookpagina van Zuckerberg. Ook bedrijven hebben al lang Instagram ontdekt. Zo toetste Starbucks via de fotodienst de reacties van het publiek op haar nieuwe logo. Levi's bijvoorbeeld toont dan weer toekomstige productreleases en hippe mensen die bij het jeansmerk passen. username:mw tijdstip:2012.04.10 - 09h57m59 |