Slashdot Mirror
Facebook, Zuckerberg Sued Over IPO
mrquagmire writes with this snippet from CNET: "Facebook shareholders have sued the social network, CEO Mark Zuckerberg, and a number of banks, alleging that crucial information was concealed ahead of Facebook's IPO. The lawsuit, filed in the U.S. District Court in Manhattan this morning, charges the defendants with failing to disclose in the critical days leading up to Friday's initial public offering 'a severe and pronounced reduction' in forecasts for Facebook's revenue growth, as users more and more access Facebook through mobile devices, according to Reuters, which cited a law firm for the plaintiffs."
It wasn't because of taxes, it was because of fraud? hmm
I'm god, but it's a bit of a drag really...
First! Sadly, because I got in early, I'm sure I'll lose mod points.
I took the wrong approach.
I invested ~$500 on BNBN (barnesandnoble.com) and it went bankrupt in 2002... I was paid back about $100. I just shrugged my shoulders and said "Oh well" but clearly I took the wrong approach. I should have sued instead!
(1) Invest in stock
(2) Lose money.
(3) Sue.
(4) Talk to congressman about unfairness.
(5) Hand him some cash.
(6) Get bailout from taxpayers.
(7) $profit
My AC stalker: " I personally agree with your posts most of the time, but that won't keep me from modding you troll"
But isn't Canada just one of the states of the United States?
yeah, the one with all the money
I'm god, but it's a bit of a drag really...
And oil and water, bitches! Don't even think about comin' up here and *liberating* us.
You're talking about a country where cheesecake has to carry a dairy-allergy warning and where chocolate bars that are clearly made with peanuts carry a label that they "may contain nuts."
I do not fail; I succeed at finding out what does not work.
Screw P/E. Another 4 billion people left to grow baby, booyaah!!! This FB stock is gonna go batman! This is a $100 stock, go Zuckie, go!!
Ding ding ding - we have a winner - anyone owning mutual funds could have ended up in effect buying FB, esp since the market cap was so high - I suspect wall street makes most of its money using what is effect inside info (such as high speed trading, and this IPO nonsense) to fleece pension and mutual funds, we all pay for it and we don't have much of a choice, on top of that since 401k contributions are tax free wall street is, in effect, just stealing government money - the beauty of it is they turn around and lobby that taxes are too high for the rich - it is a win win
> and that applies to anything in the world from toilet paper to your stock portfolio
Pretty much the same thing now :-(
You Canadians have all gathered together in large cities right along the border. Looks like an invasion force :)
Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
First he helps destroy the credibility of the concepts of privacy and secrecy in the population, and now, with the 3rd largest IPO in history, he's helping destroy the credibility of the economic system...
I don't know if he's more like Jesus or Lucifer, but damn I'm starting to love that guy...
-1 Uncomfortable Truth
They didn't so much "gather". Everybody else just froze to death.
I think I'd rather die all in one go - best to get it over and done with.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."