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G-8 -- price of FaceBook off to a rocky start yesterday and again today but plenty of people are still buying it apparently.
They -- in the company from Omaha is.
But what point would you say FaceBook is -- by.
You know -- I I mean -- you little different perspective about FaceBook -- and and I think -- -- I think it'll answer your question that -- think about how many users are our -- -- 900 million users.
Let's let's assume that on some level of Internet savvy and as whether it's extreme or or -- life.
How many of those users do think actually have been investing account online one out of 51 at a ten let let's just say one out of a hundred -- okay.
So this nine million of the 900 million out there that actually have the ability to buy the stock on line.
If each one of those users just decided to buy -- single lot by a hundred shares of FaceBook on the open -- reading yesterday after the decline.
-- an -- demand for 900 million shares to listen the float is only 400 million there would have been an extreme in balance between demand for supply.
But that didn't happen right.
We didn't see that type -- to man come into the marketplace and the people that failed to support the stock -- the current users and you today hey they didn't believe in it right they said we don't think this is a good investment.
-- -- Didn't have the wherewithal to do it right they didn't actually have the 4000 to 2000 dollars to buy -- All fares could they not dancing into the market on -- -- Because the market didn't -- properly they would discouraged and stayed out that's alternative -- the a -- -- facility.
Yet that that that is a great question certain here's what I would say -- I actually went -- bought fifty shares at the open to try to see how the market was.
How transparent was a market -- -- transactions going on an outside after the first.
Few minutes my execution went off like that very quickly so.
I think investors had the ability to not only -- -- in the open market but also but -- below the IPO price especially yesterday.
But the stock isn't getting that kind of support.
And I I I think it's I think it's actually you know very insisting that its -- users they don't believe it or be.
Just can't support and I think that's actually spells bad news for the stock that you unite again you have to be when you see that kind of reaction yeah the next who has old but we're going to become bottoms out is becoming had given the long term view is not a Google it's not on apple you just don't think it's that.
Yeah it's it's it's it's difficult for its to showing support and -- especially new users don't use it and here's an I would say -- you I think you'd be really.
Interest thinking interest things social experiment Stewart if we could actually are some really Zuckerberg got on FaceBook and -- -- show Wall Street that the 99%.
Dictates of -- 1% exactly what should happen here if he tells people by fifty shares by a hundred shares at the population that has the ability to do that is humongous.
You -- actually see a real interesting result I believe in and actually we go to the credibility.
Of what FaceBook claims they could do which is understand their clients which is influence their behavior which is to be the data mining source that everybody wishes they could have.
But apparently they're really not that -- that would have an idea that the IPO would have would have gotten a little better than it did it could be -- experiments -- if you can get people -- gotten saved by the stock -- will say about that.
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