Facebook, Zuckerberg Sued Over IPO

Posted by timothy on Wednesday May 23, 2012 @03:40AM from the death-taxes-and-lawsuits dept.

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."

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Wwwaaaahhhhhhh by GReaToaK_2000 · 2012-05-23 03:45 · Score: 0, Troll

We're not making our millions off another tech IPO...
Waaahhhh!!! I want my money!!!
Re:So that's really why he gave up his citizenship by Asksa · 2012-05-23 03:50 · Score: 0, Troll

Wrong guy, Mark Zuckerberg haven't given up his citizenship. But he does have an Indian wife now.