Tag Archives: facebook

facebook tanks and so do i!

last week, it was all about the facebook initial public offering (ipo) making billionaires out of the facebook team, about the ipo revitalizing the united states stock market, about investors clamoring for a piece of the $38 per share pie!  facebook was bigger than elvis, jesus, and the beatles combined!

last week, mark’s fiancee priscilla graduated from medical school, he had a birthday, there was the great day when facebook shares were made available to the public for the first time and, of course, there was the wedding. this week? maybe it’s a good idea that mark and priscilla are on their honeymoon. because investors think their honeymoon with facebook is over!

 

shares opened at $38 and have struggled to keep above $32 ever since.  one startling accusation/development has occurred:  jp morgan, morgan stanley and goldman sachs cut their price estimates and VERBALLY advised their largest institutional investors to be wary of the facebook ipo.  the smaller investors were not given the benefit of this advice.  and where did this negativity come from?  the  three companies have indicated that a facebook executive, again VERBALLY, that the facebook financial situation wasn’t all that great and that expected revenues were going to be lower than expected.

there will be investigations, there will be further drops in the stock price, i suspect it will bottom out at $16 per share.  at least, that’s when i’m going to start chipping in.

so a downer day for facebook and a bit of a downer day for me.  i woke up with an anxiety attack  that i tried to ward off with meditation and then with a run.  i tried writing down ten things i was grateful for–a mental exercise that usually does the trick–but i couldn’t get past three before the internal “i’m dying of a heart attack” scream took over.  i caved, and took four ativan.  spent the rest of the day in a  bit of a haze.  but as the great philosopher and femme fatale said “tomorrow is another day!”

and it will be a new day for facebook as well!


mark zuckerberg avoids transfer taxes! also, incidentally gets married.

what a week for mark zuckerberg!  on monday, his girlfriend of nine years — priscilla chan — graduated from stanford university medical school AND it was his birthday!  he posted “I’m so proud of you, Dr. Chan” during the commencement ceremony.  aww, ain’t love grand?

then facebook shares became available to the public and institutional investors for the first time. it was an incredible payday for the private investors who have supported facebook until now.  the private investors have risked everything on an idea–that ordinary people want to look up old friends, find new ones, play hidden chronicles, and post pictures of their adorable ___ (cat, dog, baby, grandmother, thing they made for dinner).  those investors, and mark, were right.  facebook shares opened at $38 per share and are holding steady as i write this.

mark’s fortune is now so vast that relationship advice expert donald trump opined that a naive young billionaire often makes bad moves, saying “they get married, and then for some reason over the next couple of years they get divorced and then she sues him for $10 billion and she hits the jackpot.  I’m notoriously cheap with these things, I think if she made $1 million, that would be very good.”  that donald, always an optimist!

the movie “the social network” makes it sound like mark was a bit of, ahem, loser with women. actually, he and priscilla have been dating for nine years. they’ve been together during the tough times and the really great times. for my wedding present to the zuckerbergs, i’m going to give them a photo album entitled “my trip to the grand canyon”, a link to a leah silberman music video and a list of all my friends!  oh, wait, they already have that!  p.s. don’t they look adorable pictured here in their backyard at the wedding?

so one day after facebook went public, mark zuckerberg changed his status from single to married and wrote a pithy post:  “Married Priscilla Chan”. . . it has a lot of ‘likes’. . . .

a curious financial note that the donald might not have thought of:  let’s say i’m a billionaire.

okay, i had to have a few moments to close my eyes and think about that one!  back to business!

i’m a billion.  my girlfriend (her name, just hypothetically, is priscilla) is a pediatrician who wants to open up a clinic for underprivileged children.  i want to give her, say, a billion to build the clinic of her dreams.  if she’s my girlfriend, the transfer taxes are awful–the internal revenue service will have an agent on my doorstep asking for their share of the money toot sweet! that’s french for jimmy johns fast–

but if i want to give my wife (again, just hypothetically named priscilla) a billion dollars to open a clinic, it’s what the i.r.s. call a “nontaxable event”.  the i.r.s. hates nontaxable events–if they could figure out a way to make taking a nap on the lounge chair in your backyard a taxable event, they would! personally, i think the world has come out on top.  mark owns all our personal information because we have an implacable human need to connect.  priscilla makes medical care available to kids who might otherwise not be able to get it.  and love reigns!  too bad about the i.r.s.

but i wonder what you think …

and, of course, i wonder–did they invite all their facebook friends?


what a busy day for my facebook friend mark zuckerberg!

i’m not actually friends with mark zuckerberg — or the other founders of facebook, dustin moskovitz, eduardo saverin, and chris hughes.  but i feel like we should be.  after all, mark and his friends started facebook in 2004 at harvard university as a way for students to check out other students–it replaced a paper bound directory that couldn’t keep up to date on everybody’s relationship status.  by 2007, i was posting pictures, tracking down folks i went to high school with and playing online scrabble with facebook friends i’d never met.

about that relationship status.  i was separated from my husband and mark had still not figured out that “it’s complicated” is a good status.  i listed “single” and a few short months later my husband joined facebook, sent a friend request and was pretty darned unhappy that i was jumping the gun on the american divorce court system.  we agreed to defriend each other and although we are very much divorced we are very friendly.  it’s . .. complicated.

but mark, we were talking about mark.  and the founders of facebook and the other private shareholders of facebook. up until yesterday, they were the sole investors in facebook.  with an initial public offering (ipo), those shares are let loose on the public market and anybody can be a facebook shareholder.

ah, the winklevoss twins! they went to harvard with mark and they thought they were part of the creation of facebook. this was the point of two lawsuits between the twins and mark. as part of a settlement of one of those suits, the winklevoss twins own six million shares of facebook. caution: do not invite this trio to the same potluck supper!

 

so the offering of shares yesterday was a little like the story of goldilocks and the three bears–set the initial price of the shares too low and the private shareholders don’t get as much dough, set the price too high and institutional traders won’t bite and the price will plummet and everybody will think your company sucks.

the facebook shares were initially offered at $38 a share when mark rang the opening bell at nasdaq trading headquarters. after rising and abruptly falling the price of the shares returned to just under $40 per share at the closing bell. does that mean the initial price was just right?

 

thursday was a big day for mark, the founders, the shareholders, and new investors!  but it was a regular day for facebook employees (many of whom, by the way, own shares in the company).  at one of the company cafeterias at the menlo park, california headquarters, the day began with a breakfast of strawberry banana soy smoothies, coconut mango smoothies, whole wheat cranberry orange scones, sausage and biscuit hash with cream gravy, whole wheat choco-chip pancakes with vanilla whipped cream, whole wheat low fat flax waffles, and old-fashioned buttermilk pancakes.  Meals are always free for facebook employees.  i would totally screw up my diet!

best wishes to mark and facebook!  mark and some other visionaries are very rich now.  so rich that they can’t attend occupy wall street rallies anymore.  but they provided us with a service we needed to keep in touch, to play that scrabble and to share with the world cute pictures of our cat.

last year, i made a new years resolution to meet all my facebook friends. i was a scaredy cat who didn’t leave the house much and i wanted to know who all these friends were! the resolution changed me. i have to say . . . thank you, mark!

 


NATO facebook friends come to chicago and i offer a few pointers on how to get along with native midwesterners!

chicago plays host to the NATO conference this weekend.  workplaces and schools have been shut down, dire warnings issued about protesters and traffic jams and delays at the airport and the lines at starbucks.  buses have been dropping off protesters.  o’hare is clogged with NATO dudes and galpals.  i am quite happy i’ll get to see some of my facebook friends who are ambassadors, and i write this blog as a way of giving them some tips on american culture, particularly midwest culture,  that might not have been brought to their attention by their briefers.

as an ambassador, you might see some people with signs that might not seem to be welcoming. rest assured, midwesterners are a friendly sort. and they make good use of irony. if someone says in conversation or shouts to you that you are a warmonger, a friendly smile and a wave is your best response!

some pedestrians may wear green robin hood masks–these people are asking for a redistributive tax system to help those countries and peoples who are poor.  this is not a good time to complain about the quality of champagne and foie gras you were served the evening before.  some pedestrians may have been offered bracelets that connect together, most times at the wearer’s backs.  feel free to ask a police officer if you can have two of those souvenir bracelets.  if he hesitates, it is only because he expects you to do the midwestern handshake–which is to close your right hand in a fist and smash his nose.  you’ll get your bracelet right away!  although you won’t be able to join your new friends in their city provided accommodations. . .

an interesting note: these people could theoretically be arrested for disturbing the peace and whatnot. as a nato ambassador, you cannot be arrested, detained or held by police unless a waiver is obtained from your home country. diplomatic immunity is da bomb!

lastly, two words about, ahem, personal interactions.

a common greeting should you meet a male for the first time is “yo mama” followed by a compliment.  for instance, “yo mama is so fat that when the Lord told her there was no room for her in heaven, the devil said there was no room for her in hell!”  the point of the compliment is that the other person’s mother is such a good cook and has an abundance of food so that she can develop into a robust and traditionally built lady.  trust me, any gentleman you say that to is going to immediately call you brother–you might even get a midwestern handshake!

and if you meet a woman in the course of your day?  grab your crotch, and announce loudly “i want me some of that!”  women love that sort of thing!

i hope my facebook friends who are NATO ambassadors enjoy their stay in chicago.  in fact, there’s only one person who prays for their comfort and ease more than i do:

mayor emanuel really needs this weekend to go well! everything has been arranged for your comfort and safety as if he were conrad hilton and arnold schwarzenegger in one! as for the comfort and safety of the folks protesting NATO and the status quo, uh, well, not so much!


happy birthday, mark zuckerberg!

i would jump out of a cake but i think it would be alarming.  i am, after all, fifty one years old and while i have been adhering to the atkins diet and am nearly back to my fighting weight of 138 there have been some, ahem! changes to the general physique since i was twenty eight.  which is mark’s age today!

mark is not even my facebook friend! yet, i wish him a happy birthday! i don’t feel too bad about not sending a birthday present because next week is the fabulous facebook IPO — facebook is valued at nearly 100 billion dollars!

 

mark could wake up tomorrow morning, spend $300,000 and do it again the next day and the next until he’s eighty and he’d have some left over.  talk about being ready for your retirement!

i’m fifty one years old.  i’m packing up a lifetime of stuff.  in t minus forty three days i will say goodbye to the house i have lived in for so long.  i am scared.  i was weepy this morning, so much so that i cried when the grocery clerk said “have a nice day”. . . so i wonder:

 


girls! girls! girls! a brooklyn-ish strip club!

i returned from staten island to brooklyn, where my son joseph lives.  i went to a hardware store and got him some new stuff.  i took him to dinner.  we said goodnight and goodbye.  and then i had a surprise.

for some people, hopping on a plane, train or pulling the automobile out of the garage is a casual thing.  for f2fb friend #57 vince peters, it’s just like that.  he’s a rapper, a music executive, a west point graduate, a government contractor.  i met him when i directed the video for his hit single “girls in da club”. . .

one of the things about this project is not just to meet a facebook friend once and be done with them–it’s to get to know my friends a little better.  vince strolled into the hotel le jolie lobby about a quarter to eleven.  an hour i would ordinarily be found in my pajamas with a bit of drool coming off my lips and a very ladylike snore. . .

i said one drink.  just one drink.  there was a bar next door called joy cocktails.  trendy.  impossibly trendy in that brooklyn we’re too cool to be trendy kind of trendy.  the guys wore super tight jeans and carharrt’s boots, flannel shirts, disheveled hair.  the girls?  both vince and my son joseph pointed out to me that from behind, a brooklyn matron of sixty and a hottie of twenty six are indistinguishable.  black leggings.  flats.  polka dot sundress.  shapeless cardigan.

true enough.

but after a few tequila shots sent over to the trio giggling and ogling vince p., conditions changed.  sweaters came off (not mine!) so that all that was left was a shimmering sea of polka dots.  and there was some lolling on the pool table (again, not me!) until the bouncer had to come over and say “please get off the table”.  then the girls did a great shimmy where they threw their hair in front of their faces, jumped up and down and gave the bouncer the middle finger.  it was quite a show.  then i looked at my watch and realized there was a reason there was light coming in from the windows. . . i left him on the sidewalk.

i haven’t done something that irresponsible in some ages.  it was fun.  i don’t know what vince p. did next–but if there’s some girls in brooklyn who are happy because of my facebook project so be it!

the hbo series girls tracks some twentysomethings living in the greenpointe neighborhood of brooklyn. they have a lot of bad sex on the show. i hope that life does not imitate art and vice versa.

 

then i jumped in a cab and headed for jfk airport and home!  i got to see the shuttle parked at jfk!  astronauts are allowed to shop at the duty free shop only if they have a ticket for a nonstop flight to mars!

at jfk airport, i got to see the space shuttle which is temporarily docking here in new york.  astronauts may purchase items at the duty free shop only if they can produce a ticket that shows a nonstop flight to another planet.


mr. de niro, can you hear me? f2fb friend #317 would love to hear from you!

mapquest said it was going to take me four hours and forty seven minutes to get to f2fb friend #317 if i walked and i just couldn’t believe that a city could be that big.   i also couldn’t believe that the funny, witty, supportive, beautiful facebook friend michele piersiak was housebound.  i figured she’d meet me at the ferry station in staten island.  or that she’d catch me at one of the places downtown.

i was wrong.  well, i wasn’t wrong about her being funny, witty, supportive, and beautiful.  that was definitely the woman who answered the door of the house near forest avenue.  but she is (was) housebound.  for about a year and a half her world consists of reading, the treadmill, dvd’s,  the computer that sits next to the couch in the living room, caring for her pets and keeping a house for her and her boyfriend.

stewie is a caped dragon lizard. she may be very lovely to other caped dragons, but i didn’t find her all that attractive. in fact, i got sort of nervous when michele took her out of the cage. after all, who’s to say that caped dragon lizards want a little fifty one year old human flesh after a regular diet of crickets?

michele can sometimes leave the house for brief periods with her “safe” people–her boyfriend, her parents, her sister.  but by herself, she doesn’t even try to check the mail on the curb.  it’s been this way for a few years but was exacerbated when she lost her job.  i’ve noticed a lot of my agoraphobe friends have a major shift inward when there’s a job loss.  and with eight percent official unemployment, i think there’s a hidden group of people that is affected.

michele wakes up every day mad at herself and sad that she is in this condition.  the couch is starting to feel old.  even playing xbox is feeling pretty old.  for me, since i’ve never done it, i thought it was a kick!

this is not wasted time. well, it’s wasting time for me to be bowling on xbox (and nobody should have to witness me trying to play golf!).  but it isn’t a wasted year for michele to have been housebound for a year and some months.  every day has increased her understanding and sympathy for those who are afflicted with panic attacks, agoraphobia, post traumatic stress disorder, ms, etc.  she has a major goal of someday being someone who helps those people.  i think she definitely has something to offer the world in that respect.  she already has helped–for instance, she set up a group of ten people from around the country who set a goal of walking around the block.  at a prearranged time, everybody got on a conference call with their cell phones and walked around their respective blocks together!  isn’t that an amazing use of technology and an amazing creative idea?

she also has a minor goal.  and it’s something tantalizingly out of reach and will require her to do some work.  some planning.  some practicing.  and it will need YOU!  but i’ll get there.

i was insanely honored that michele let me be a “safe” person for the day. we walked to her boyfriend’s place of employment (man, he was a little freaked out by that!) and then we pushed the boundaries a little further. we saw a house that had a three foot wide, five foot tall shrine out front. i like it when people of all faiths feel good about presenting their beliefs to the world!

so the minor goal, an interim goal if you will, is that michele would like to dine at the robert de niro restaurant laconda verde at 377 greenwich street in new york.  it would require driving to the staten island ferry, taking the ferry into the city, a cab or bus ride, then being in the restaurant and actually staying long enough to eat and then to return home.  to michele it seems out of reach.  but the day after i left staten island, she went on several walks with her parents and her sister, pushing herself a little more than usual, to get a few blocks outside of the “safe” zone.  she has made a deal with me that if i return to new york she will go with me to the restaurant.

mr. de niro, i’m betting the prices at your restaurant are a bit dear. but i’m sure if you’re half as good at cooking as you are at acting, the food’s great! michele probably would also like just to shake your hand. to meet you and say “thank you for motivating me to change myself!”

so this is where YOU come in.  if you know mr. de niro or if you know someone in the restaurant industry, if you know someone in new york, i think a gift certificate to laconda or a menu from the place, a message from de niro — even just an autographed picture — would do the world at motivating michele.  and once she achieves the minor goal, she will know that the major one is, okay, just a little harder but perfectly doable.  and that’s the one that helps everybody!

so i’m happy to hear from YOU about whatever you come up with for ideas or inspiration or maybe mr. de niro, if you’re reading this blog???


panic at williamsburg bridge!

mapquest said it would take me four hours and forty seven minutes.  a fourteen mile walk punctuated by a five mile ferry ride to see f2fb friend #317 michele piersiak.  i sometimes do an eight mile walk around the perimeter of winnetka, so i figured it couldn’t be that bad.

oh how wrong i was.  my theory about new yorkers is that they do fifty three terrifying things and that’s before they get to work.  i didn’t expect to be scared in quite this way.

the williamsburg bridge is the seventy-fifth longest suspension bridge in the world, which makes any american immediately say “pshaw! there are seventy four others that are much tougher!”  still, i got stuck along the 1600 span that towered over the water.  i couldn’t move forward and couldn’t move back.  this happened three times.  each time, i had a vision of me being the homeless chick who lives on the williamsburg bridge, unwilling to leave or to move.  accepting handouts and generally letting personal hygiene take a backseat.  i’d be an object of pity, scorn, and perhaps curiosity.  i’d feed pigeons.  i would have several pet rats who would be attracted by my pungent body odor.  i’d lash myself to the bridge during storms.  i’d lose my cell phone!

i had to get unstuck.  i was so scared my feet had fallen asleep and if i didn’t get moving the legs would be the next to go.  i started saying thank you.  thank you to the rain.  thank you to the shoes i was wearing.  thank you to the guy who had helped when the mapquest directions were just a bit . . . off.  thank you even to mapquest.  i said thank you to my facebook friends, pausing only briefly as i realized the reason i was going across the bridge was to meet f2fb friend #317 who had introduced herself on facebook.  i thanked american airlines for getting me to new york.  i thanked whoever built the bridge (later i learned construction on the bridge began i n1896 with henry hornsbotal as the chief architect and leffert buck as his engineer)

as i approached the end of the bridge i felt an odd exhileration.  and it wasn’t just relief.  it was a sense that i was buoyed up by all the people i had thanked, even by henry and leffert although at that point i didn’t know their names.

and i got off that bridge and found the staten island ferry . . . thanks to five different new yorkers who made me think that new yorkers are the friendliest people on earth!  i thank them too!

i didn’t expect to get choked up by the staue of liberty, so i sat on the side of the ferry that does not get the view of the statue.  but as we approached, i couldn’t help myself.  statue of liberty, dollface, i’m grateful to you!

and so i was wrong.  it could be that bad.  and yet, it also could be wonderful!


how to (finally) make money off facebook!

all those posts about what you’re having for dinner and your position on the election.  all those status updates–single, married, it’s complicated and single again.  all those photos of you at the aforementioned wedding and you tagged at the bachelor(ette) party!  and those links to the song that captured the feel of the relationship status — the power of love, better that we break up, i will survive!

all of that is worth money.  a lot.  like an estimated $86 billion dollars.  that’s what facebook is valued at.  and next week, for the first time, YOU have a  chance to cash in on it.  you oughta get SOMETHING for the time your cousin took a picture of you passed out on the sofa.

i am in brooklyn visiting facebook friends. the neighborhood i’m in is full of folks who are houseproud. sometimes they decorate their front doors with modern artwork!

 

how do you work this?  how do you actually make money on facebook?  first, get yourself a broker.  fidelity, e-trade, oanda, charles schwab.  tell them you want some.  however, you should know that some brokerage houses are limiting who gets shares.  for instance, fidelity investors must have $500,000 in qualified balances with the company.  td ameritrade is allowing investors to grab some of the action if they have an account valued at at least $250,000.

in addition to seeing new facebook friends, like #316 carolyn quinn on monday, i see facebook friends that i first met last year–like #58 john r. douglas. we were in manhattan, where everything is bigger, faster, louder, taller. . . . i told john this shirt was too big for him!

 

some brokerage houses are concerned that investors will “flip” their shares and so they are also putting limitations on how long investors have to hold a share. fidelity will punish investors who resell their shares in fewer than two weeks with a bar on investing in future ipo’s.  and investment houses are warning their clients that shares are at such a premium that there’s no guarantee that they’ll get any or all of the shares they want.

so . . . what’s it all mean?  facebook may be a great investment.  there’s also a possibility that it will be all hype and no heft–online coupon company groupon and the radio company pandora bought saw their share value drop by more than 40% after going public.  at that point, get out your wallet!

tucked away in a corner of grand central station in manhattan is the campbell apartment, once the hideaway of tycoon john w. campbell. he supposedly gave wild parties here. most commuters and tourists never notice this door. and i got ushered out of the hallway about two seconds after i took this picture. i pretended i didn’t understand english and allowed myself to be gently led back out onto the concourse.  with much wealth comes many surprises.  i guess mark zuckerberg understands that already!


sisters, sisters, there were never such devoted sisters!

ever since i laid eyes on f2fb friend #316 carolyn quinn, i can’t get the rosemary clooney song “sisters” out of my head. download it on itunes. it will stick with you.
“sisters, sisters
there were never such devoted sisters
never had to have a chaperone, no sir
im here to keep my eye on her
caring, sharing
every little thing that we are wearing
when a certain gentleman arrived from Rome
she wore the dress and i stayed home!”

i was way nervous meeting f2fb friend #316 carolyn quinn because i had to learn to negotiate new york public transportation.  there are many native new yorkers, bernie goetz among them, who don’t even bother.  it’s confusing, the staff are somewhat distant, and mapquest had been as cryptic as a psychic at a state fair.

one of the trains i took from my brooklyn hotel included a memento mori — a graveyard city to remind me where my ultimate destination is!

 

but i got where i was supposed to go!  coney island, although i couldn’t get in because we were two weeks from when the park is open on weekdays.  instead, it was being rented out by a hasidic boys’ school.  i wondereded if perhaps i could cut my hair, leaving forelocks and fool them into thinking i was twelve years old. . . .

carolyn and i are really sisters.  we’re just a year apart (she’s fifty, i’m fifty one)  and we both are enhanced redheads.  we both love theater.  we watch the same television shows.  we have some of the same struggles with our families.  we ate restaurant in brighton beach and the menu was in russian.  boy, was i surprised at what i had for lunch and i’m still not quite sure what it was!  then we got our nails done together and i felt quite thirteen.  ATTENTION COWORKERS OF CAROLYN:  that really is glitter on her finger tips!

then we wandered around, whiling away the hours.  i was on the lookout for neil simon researching a new play. . . . but alas, the closest i came was some guy who stopped me to talk for a full minute and a half until he paused with a horrified look on his face.  he had realized i don’t speak russian.  it had just dawned on me that he wasn’t just talking with a new york accent.  we moved on.

carolyn witnessed the 911 attacks from a tower just a mile away.  she has not been on a plane since.  she is skittish as are many new yorkers.  but i have asked her to set aside her fears as i have done this past year:  and she has promised me she’s coming to chicago.

one important aspect of my new years resolution to meet all my facebook friends was to find out exactly who they were, to get out from behind the laptop screen, to really see them face to face.  not just facebook to facebook.  i came to this part of new york expecting to meet a friend.  but now i’ve met a sis. . . oh, damn, i’m hearing that song again!

 

 

isn’t it neat how carolyn took her on the computer, on the facebook page friends and turned them into people she knows!?  i think it’s adorable!  now i have to go play a whole bunch of heavy metal on my shuffle as i negotiate the new york transit to get to manhattan from brooklyn.  wish me luck!