# Facebook IPO

**URL:** <https://forums.speedlife.net/t/facebook-ipo/262686>\
**Category:** Shift518 Off Topic\
**Created:** [February 15, 2012, 10:00am UTC](https://forums.speedlife.net/t/facebook-ipo/262686 "2012-02-15T10:00:27Z")\
**Posts on this page:** 1\
**Showing post:** 9

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**Author:** ![JVG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jvg/32/6348_2.png) [@JVG](https://forums.speedlife.net/u/JVG)\
**Post date:** [February 15, 2012, 2:31pm UTC](https://forums.speedlife.net/t/facebook-ipo/262686/9 "2012-02-15T14:31:17Z")

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> [@The last movie you've seen, and rate it.](https://forums.speedlife.net/t/the-last-movie-youve-seen-and-rate-it/27425/785):
>
> How many more social networking sites are publicly traded?
> 
> Linkedin? Or are you talking about dating sites as well?

I have a LOT of stock in one of the two legal social networking sites in China. The stock rose over 50% when Facebook announced it was going to file for an IPO. It will also continue to rise because the rumor mill has been flying saying the two Chinese state-run networking sites will be merging. According to my advisor, if they do announce a merger, it’ll easily push the stock over 150% of it’s current price. And considering he does not make money unless I do, I will take his word on that, especially with over 20 years in the business with a yearly salary that tops all of Shift’s members combined.

-Cossey on JVG’s account.

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