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To be honest I have two accounts - mine and the dogs  I use FB mainly to play a couple of games but I wish I'd never had an account and I wish I could totally walk away.  I have scaled down my involvement with my account but not enough to walk away.  I hate the loosening of security and the way they just implement things whether you want them or not - there's never an opt out with FB.

 

My dogs account on the other hand I love because we're all either dogs or dog owners and it's just fun.  I have more fun on his account that I do on my own.   But not enough to buy any shares 

FM
Lol ... I love reading your (and the other dogs ) posts Pengy . They never fail to make me smile I hardly ever post to my FB account...but do like reading others posts. However , it does annoy me that FB keeps altering the format ... And that you can't opt out of any changes I am also wondering how the new format will translate to the IPhone/IPad app ( which is how I tend to access FB)
Baz
Originally Posted by Tori:

If he had asked for an investment when he started then i would have jumped at the chance but why float it on the stock market now? Seems a bit suss to me.

Well, their flotation has been expected for some time.

Future expansion's going to need investment in infrastructure, and with the rate that technology is advancing, a company like Facebook is going to need to upgrade its equipment fairly regularly.

 

I found this BBC article interesting: http://www.bbc.co.uk/news/technology-16859526

In it, Rory Cellan-Jones tries to decipher Zuckerberg's recent IPO letter. Here are some highlights:

 

Mark Zuckerberg
Facebook was not originally created to be a company. It was built to accomplish a social mission - to make the world more open and connected.

Rory Cellan - Jones

The letter starts with a sentiment which could suggest we are going to hear about a non-profit organisation, aiming to help the afflicted, not a business hoping to make bumper profits.


Mark Zuckerberg
We think it's important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do.

So investing in Facebook isn't going to be for everyone - you've got to understand our unique way of doing business. Listen carefully....
Mark Zuckerberg
The scale of the technology and infrastructure that must be built is unprecedented, and we believe this is the most important problem we can focus on.
Connecting the world isn't going to be cheap, especially when everyone wants to upload their photos and videos every day. So we are going to be spending a lot more on data centres and that won't leave any cash for dividends.
Eugene's Lair
Slightly leftfield but Mrs Jer and I were discussing Morrisons saving stamps today. Basically if you invest ÂĢ97 before November you have ÂĢ100 to spend in the shop. Oddly enough that's a return of slightly more than 3% and you haven't tied it up for a full year. It seems a tad surreal and yet on face value equal an investment to many high street bank offers. Some banks are paying 0.5% on ISA schemes. Or have I missed something obvious.
Garage Joe
Originally Posted by Garage Joe:
Slightly leftfield but Mrs Jer and I were discussing Morrisons saving stamps today. Basically if you invest ÂĢ97 before November you have ÂĢ100 to spend in the shop. Oddly enough that's a return of slightly more than 3% and you haven't tied it up for a full year. It seems a tad surreal and yet on face value equal an investment to many high street bank offers. Some banks are paying 0.5% on ISA schemes. Or have I missed something obvious.

But then they 'get at you' through other ways Joe, in my opinion 

FM
Originally Posted by Garage Joe:
Slightly leftfield but Mrs Jer and I were discussing Morrisons saving stamps today. Basically if you invest ÂĢ97 before November you have ÂĢ100 to spend in the shop. Oddly enough that's a return of slightly more than 3% and you haven't tied it up for a full year. It seems a tad surreal and yet on face value equal an investment to many high street bank offers. Some banks are paying 0.5% on ISA schemes. Or have I missed something obvious.


Well, the "catch" - if you want to see it as such - is that you can only spend that extra ÂĢ3 in Morrisons. Any interest you make from a bank account can be spent anywhere.

Essentially, it's a loyalty scheme. However unlike loyalty cards, (or old stamp schemes such as Co-op dividend stamps) you're paying up front, so Morrisons can make interest on your investment. 

Eugene's Lair
Originally Posted by Garage Joe:
But surely if you put the cash in a bank ISA you also put the money up front. )

Yes: I meant compared with shop loyalty cards.

 

Take a Sainburys Nectar card: you buy ÂĢ250 worth of shopping (less if you buy something with bonus points), and they give you 500 points. That's worth ÂĢ2.50 off your next shop, or 1% back. That's less than with Morrisons, but you've already got (and probably eaten!) your ÂĢ250-worth of shopping.

With the Morrison's stamps, you buy ÂĢ97-worth of stamps, and they give you another ÂĢ3 credit. However you haven't got your shopping yet, and until you do, Morrisons is making interest on your ÂĢ97.


I'm not knocking it - it's like an old-style Christmas Club, and great if you're a regular shopper anyway. (I don't have a local Morrisons, so it's meaningless to me) - just illustrating the differences. I think it's safe to say that Morrisons wouldn't run the scheme if they weren't benefiting from it...

Eugene's Lair
Other supermarkets are available. The Corp gives a ÂĢ3 voucher off thirty poonds worth of shopping, nearer enough 10% but how to spend thirty poond in a small shop? Sainsbury's gives Nectar points, which I doubt anyone can police or spend. I wouldn't be seen dead in ASDA or Tesco! Waitrose probably isn't aware of towns this side er Thirsk.
Garage Joe

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