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Facebook sued

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Shareholders have sued Facebook and CEO Mark Zuckerberg over the company’s bungled IPO, charging they hid bearish forecasts prior to going public.

Charges that Facebook and its lead underwriter concealed “a severe and pronounced reduction” in Facebook revenue growth forecasts before the company’s shares were offered to the public.

 

 

 

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Replies (1)

   Mr Finsq,

   This is a good peice of information.No one can ever exactly know what is happening in the USA's financial markets. This is only one such example. The sub-prime crisis/housing buble and the subsequent bancruptacy of large financial institutions,like Lehman bros etc ,and smaller banks in thousands, have sunk layman's savings/investments in trillions of dollars. They are ,in fact,playing with somebody's money. Lot of money stashed by arabs and latin american businessmen and politicians in USA's banks are being used for all speculative financial deals.No one knows when it all will colapse.

MJK


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