Tuesday, June 5, 2012

" FACE'SHOOK! "


"FACEBOOK CREATOR MARK ZUCKERBERG SUED OVER DUMPING STOCKS TO INVESTORS"

So what will become of such a 'MESS' that Mark Zuckerberg has created?! No, not facebook but that fact that he is now being sued by investor who believe that Mark had the inside scoop on his company's stock before anyone else which as caused his stock to plummet to a mere $26 a share. In a recent article written by the Vibe magazie states :  Facebook shareholders filed a new class action lawsuit against him. Zuckerberg is accused of pulling a billion dollar fast one on Facebook investors. Allegedly, he had inside info that the stock was grossly overvalued and decided to quickly unload a ton of Facebook stock in hopes of protecting his own financial haven. Can you even blame the shareholders for retaliating? You’d think he learned the first time since apparently this is the second time in two weeks a group of Facebook shareholders are accusing him of withholding information. Zuckerberg, along with a few of his minions attempted but failed at hiding the fact that there was not enough advertising revenue to support a stock valued at $38 dollars a share. Apparently Morgan Stanley, JPMorgan, and Goldman Sachs did their job of making it aware that Facebook was seriously overvalued but that information was disclosed to the larger investors only. Sneaky, right? Large or small investor, every investor holding a share deserves to know what is going on. This is hard earned money you’re talking about here. Kind of makes you wonder what else might be going on behind the scenes of this obsessive social media.

One thing is for sure, money talks---and it's calling out the greedy. So did Zuckerberg use that information for his own gain and bail while he still could? What does he know that we don’t?
source:vibemagazine/urbanmessmag

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