1. Post #41
    Gold Member
    JustExtreme's Avatar
    April 2007
    7,008 Posts
    I don't understand the stock market
    That's the idea of it. You're not supposed to understand it because if you did you would realise what a bunch of shit it is and how people gamble the value of your labour capital every day and get pissed.
    Reply With Quote Edit / Delete Reply Windows 7 United Kingdom Show Events Agree Agree x 1 (list)

  2. Post #42
    Gold Member
    Raidyr's Avatar
    February 2007
    23,385 Posts
    ITT: Internets best business, economic and stock analysts.
    Actually I was hoping we would just segue into Mad Max references and stay there.

  3. Post #43
    gay mexican
    Lankist's Avatar
    July 2006
    14,576 Posts
    Actually I was hoping we would just segue into Mad Max references and stay there.
    Yeah that's what I was going for too.

    Resource based economy.

    I'M JUST HERE FOR THE PETROL.
    Reply With Quote Edit / Delete Reply Windows 7 United States Show Events Funny Funny x 1Dumb Dumb x 1 (list)

  4. Post #44
    Gold Member
    gamefreek76's Avatar
    October 2005
    7,239 Posts
    It's not real wealth, stocks are inherently worthless until you sell them for actual money.
    Money isn't real wealth, money is inherently worthless until you buy actual goods.

  5. Post #45
    Gold Member
    Used Car Salesman's Avatar
    April 2009
    8,752 Posts
    Money isn't real wealth, money is inherently worthless until you buy actual goods.
    Not a valid comparison, as stocks =/= money. Zuckerberg may be worth $2B less on paper, but he hasn't lost or gained anything until he sells his stock. Having your stock depreciate is not the same as having $2B in money or concrete assets disappear in the same time period. You haven't actually taken a loss on an investment until you've converted it back into money and gotten less than you put into it.

    In Zuckerberg's case it's a complete wash because he didn't have to buy into Facebook stock at $38, it was essentially handed to him during the IPO.

  6. Post #46
    Gold Member
    carcarcargo's Avatar
    October 2007
    14,793 Posts
    Money isn't real wealth, money is inherently worthless until you buy actual goods.
    I disagree, for example, you can use it as fuel, use it as wall paper, light cigarettes with it and many other useful applications. In the end the more you have the more amazing applications you can have for it.

  7. Post #47
    gay mexican
    Lankist's Avatar
    July 2006
    14,576 Posts
    Guys there is no intrinsic value in anything. All value is the value we attribute to it. Resources are no more intrinsically valuable than paper as the values we attribute to both are equally arbitrary based upon our whims, needs and society in general.

    Fucking stop this stupid philosophy train before we hit solipsism and we all break the matrix.
    Reply With Quote Edit / Delete Reply Windows 7 United States Show Events Agree Agree x 8Dumb Dumb x 2 (list)

  8. Post #48
    Gold Member
    supersoldier58's Avatar
    August 2009
    2,329 Posts
    Hah poor fucking hobo.
    I could scrunge up that much with the change in my car.

  9. Post #49
    I'm different!
    Doctor Zedacon's Avatar
    July 2006
    13,487 Posts
    Not a valid comparison, as stocks =/= money. Zuckerberg may be worth $2B less on paper, but he hasn't lost or gained anything until he sells his stock. Having your stock depreciate is not the same as having $2B in money or concrete assets disappear in the same time period. You haven't actually taken a loss on an investment until you've converted it back into money and gotten less than you put into it.

    In Zuckerberg's case it's a complete wash because he didn't have to buy into Facebook stock at $38, it was essentially handed to him during the IPO.
    Yeah, he didn't have to pay ~$20B to get the stocks, they were given to him. He loses nothing on this, he simply gains less.

  10. Post #50
    Gold Member
    meppers's Avatar
    April 2007
    9,165 Posts
    if i had 20 billion dollars all to myself i'd quit everything and never work again and enjoy my infinite money until i die


    going public was a terrible idea
    Reply With Quote Edit / Delete Reply Windows 7 United States Show Events Agree Agree x 3 (list)

  11. Post #51
    The Cold Wind Of France
    MaxOfS2D's Avatar
    November 2008
    18,237 Posts
    It would be nice if some competition could squeeze in between Facebook's monopoly.
    I don't want Facebook to die, I just want alternatives and competition like in a healthy market.
    go google+ go!

    Edited:

    bah who am i kidding

  12. Post #52
    Crpto2007's Avatar
    April 2007
    1,887 Posts
    facebook has been terrible ever since timeline was introduced
    Reply With Quote Edit / Delete Reply Windows Vista United States Show Events Informative Informative x 1 (list)

  13. Post #53
    Gold Member
    cecilbdemodded's Avatar
    January 2005
    6,319 Posts
    His stocks do have value if you consider that he could leverage them in order to gain capital.

    For instance, a guy with no stocks walks into a bank and says "How much can I borrow?", another guy with 20 billion dollars in Facebook stock walks into the same bank and asks the same question, which guy do you think the bank will fall over itself to hand money to? The guy doesn't have to sell one stock, doesn't even have to act like he's thinking of selling.

  14. Post #54
    Gold Member
    Mingebox's Avatar
    February 2010
    14,420 Posts
    that is code for "I think Mad Max is the epitome of economics."

    Edited:

    who run barter town
    "Nothing is free in Waterworld" Kevin Costner, Economic Philosopher
    Reply With Quote Edit / Delete Reply Windows Vista United States Show Events Funny Funny x 1 (list)

  15. Post #55
    Antdawg's Avatar
    July 2010
    4,901 Posts
    if i had 20 billion dollars all to myself i'd quit everything and never work again and enjoy my infinite money until i die


    going public was a terrible idea
    Why is that?

    Facebook has just gained access to new finance on a scale of billions in only a few days, and it allows Facebook to diversify it's operations to give more room for growth (for example, like how Facebook acquired Instagram it can acquire more businesses as well). I reckon this was a very smart business decision, but now Facebook must cater for their shareholders of course but take that as you will.

  16. Post #56
    Gold Member
    viperfan7's Avatar
    November 2007
    3,615 Posts
    It's not real wealth, stocks are inherently worthless until you sell them for actual money.
    take a high school accounting class and you learn EVERYTHING has value, just that some are less liquid then others, with cash being the most liquid

  17. Post #57
    Antdawg's Avatar
    July 2010
    4,901 Posts
    I still don't understand why they decided to start selling stock when Facebook is at the point where it couldn't possibly grow any bigger.
    Ah, by entering the stock market they are accessing a new and large form of finance to give them more opportunities to grow?

  18. Post #58
    Gold Member
    thegrb93's Avatar
    June 2006
    1,364 Posts
    It would be nice if some competition could squeeze in between Facebook's monopoly.
    I don't want Facebook to die, I just want alternatives and competition like in a healthy market.
    Google+ *cough*

  19. Post #59
    Gold Member
    wizard`'s Avatar
    August 2009
    932 Posts
    value is subjective, 20 billion can sound like a lot on paper but if you consider what facebook's assets actually are you'll probably find it holds nowhere near that wealth-
    It doesn't matter what their assets are actually worth, there is a lot of demand for their stock and so the price goes up, everyone is talking about the stock market like it's anything but supply and demand.

    It has nothing to do with what can be 'purchased' with the same amount of billions, regardless facebook's userbase is worth infinitely more than any physical assets facebook owns, you have all seen the retard pregnant teens that live their lives on facebook,

    while we would all leave if facebook started pushing blatant and invasive advertising down our thoughts you will find that many others don't.

  20. Post #60
    r. panda is a racist and ibuwebu is mai waifu
    Dennab
    May 2006
    12,080 Posts
    nothing even happened. they lost stock $$$$$$$$ but not as a result of any real actions on their part lol

  21. Post #61
    Gold Member
    PvtCupcakes's Avatar
    May 2008
    10,900 Posts
    If it has value to people, it's not worthless
    He's saying you can't buy anything with stocks.
    Walmart doesn't take stocks as payment.

  22. Post #62
    Gold Member
    cecilbdemodded's Avatar
    January 2005
    6,319 Posts
    If Walmart knows you own a shitload of Facebook stock, they'll give you a credit card and you can buy whatever the hell you want. That's the value of the stock.

  23. Post #63
    Gold Member
    trotskygrad's Avatar
    June 2011
    8,488 Posts
    i am for a resource based economy, and to trotskygrad, no i do not believe in the 'illuminati'. what a silly assumption
    are you trolling or something?

    "illuminati" was used as a metaphor for any one "group" that exhibits some mysterious/unknown control over the government/markets

    your words "imaginary statistics" sort of implied that.
    Reply With Quote Edit / Delete Reply Mac United States Show Events Dumb Dumb x 1 (list)

  24. Post #64
    gay mexican
    Lankist's Avatar
    July 2006
    14,576 Posts
    He's saying you can't buy anything with stocks.
    Walmart doesn't take stocks as payment.
    yeah people who have eighteen billion dollars don't shop at walmart.