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Buy stock in your favorite companies without leaving Facebook

By Shawn Knight
Apr 20, 2012
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  1. Shortly after Facebook goes public next month, the company will be launching a program that will allow other public companies to sell stock to customers right from their Facebook page....

    Read the whole story
     
  2. Too bad us normal Facebook users cant get a "free share" of Facebook. After all, we are the ones who use it.
     
  3. 3DCGMODELER

    3DCGMODELER TS Enthusiast Posts: 307   +18

    ditto
     
  4. Mindwraith

    Mindwraith TS Enthusiast Posts: 186

    lol that would be like giving Mcdonald's stock to everyone who buys a burger with fries. or Microsoft stock to everyone who owns a PC.
     
  5. Seriously, I am done with Zuckerberg and his ideas of world domination. 1 billion dollars for a crappy company just beacuse he is so paranoid that Google will buy them if he doesn't.

    Rule number 1 for Facebook users : Get a life (in the real world).
     
  6. ikesmasher

    ikesmasher TS Evangelist Posts: 2,557   +862

    ^implying that a vast majority of facebook users don't have a life in the real world, and that facebook to them is not just simply a free form of communication with everyone.
     
  7. davislane1

    davislane1 TS Evangelist Posts: 3,555   +2,361

    "There will be a monthly cap of $2,500 to discourage day traders, however."

    Poor move. There should be a $2,500 cap for the freebies and commissions on anything above. If Zuckerburg is trying to solidify Facebook in the long-term, simply giving people the ability to buy & hold stocks sans commissions is only going to increase/solidify market share so long as the profits keep up. Given the financial & investment education of your average Facebook user, I'd be willing to bet that doesn't last long.

    It'll be interesting to see what this does to volatility in the stock market if it catches on, though. I can already see the bandwagoning that'll happen when someone turns a profit on a particular company, shares it, and all their friends and their friend's friends start jumping on board (or off).
     
  8. kiklion

    kiklion TS Rookie

    Furthermore, does this limit mean people can't close positions? IE a cap of $2500 moved either way per month, or is it a spending cap but you can sell stock at any time unlimited?
     
  9. cookiedude

    cookiedude TS Booster Posts: 157

    Is this a global initiative or US only?
     

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