Facebook Is Number 1 (Among Short-Sellers)

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Jun 6, 2012

No large U.S. company is attracting more attention from short sellers than Facebook, amid bets the world’s biggest social-networking company will keep falling after losing $27 billion since its initial public offering. Short interest on the Menlo Park, California-based company reached 5.9 percent of shares outstanding, according to data compiled by Bloomberg and Data Explorers Ltd., a New York-based research firm. None of the Standard & Poor’s 500 Index companies with at least $50 billion in market capitalization has short interest higher than 3 percent, the data show. Facebook, which has a market value of about $63.8 billion, isn’t in the S&P 500. [Bloomberg]

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Is that how it is? NYSE Euronext and Facebook have exchanged phone calls and e-mails about the possibility of the company switching its listing from Nasdaq OMX Group, according to a person familiar with the matter. Facebook, which listed on the Nasdaq Stock Market on May 18 after completing the world’s biggest initial public offering by a technology company, is listening to the New York Stock Exchange, said the person, who asked not to be named because the discussions are private. Facebook Said To Have Talked With NYSE About Exchange Switch [Bloomberg]

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The Zuck is reporting a diluted EPS of "Deez NUTS!"

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Standard Price Is Right rules, closest without going over, guesses in by 3:45PM Winner gets your choice of an ‘I violently heart Dealbreaker’ embroidered hoodie, a visit from the Sandwich Fairy on Monday, or our Facebook friendships.

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What if Mark Zuckerberg wore cutoff jean shorts and a mesh Hawaii 69 football jersey to the Facebook roadshow? What if Mark Zuckerberg wore a Mr. Peanut costume to the Facebook roadshow? What if Mark Zuckerberg wore a tuxedo tee-shirt to the Facebook roadshow? What if Mark Zuckerberg dressed as Robocop for the IPO roadshow? What if Mark Zuckerberg wore Crocs to the Facebook roadshow? What if Mark Zuckerberg entered the roadshow as a member of the Lollipop Guild? What if Mark Zuckerberg wore Capri pants to the Facebook roadshow? What if Mark Zuckerberg wore a wetsuit to the Facebook roadshow? What if Mark Zuckerberg wore a Lacoste polo with an argyle sweater wrapped around his neck to the Facebook roadshow? What if Mark Zuckerberg wore the Hannibal Lechter mask from Silence of the Lambs to the Facebook roadshow? Would things have turned out differently? If Zuckerberg had left the hoodie at home? One guy says yes. "I felt that had Mr. Zuckerberg worn a jacket instead of a hoodie (showing them that he respected them enough to "dress up"), he would have made a statement to them that he cares about their needs, and will act in their best interest. He chose not to make that statement, and the current share price demonstrates that investors have chosen not to support Facebook shares. All of this is iterative. Had Facebook issued 10 million shares instead of 421 million, the stock would probably be much higher. However, had Mr. Zuckerberg worn a jacket and reassured investors that he is aligned with their expectations, perhaps more people would be stepping in to buy now." So...yeah.

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Facebook Is Number 1 (Among Short-Sellers)

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