Facebook IPO
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- i_monk0
Co-founder renounces US citizenship to avoid IPO-related taxes:
http://www.bloomberg.com/news/20…
- 20020
nice headline but the main reason is because Zuck screwed him over and did not want to live in US anymore.
regardless, he maybe saving $69m but still owe $365m
- 20020
nice headline but the main reason is because Zuck screwed him over and did not want to live in US anymore.
regardless, he maybe saving $69m but still owe $365m
- CALLES0
nice headline but the main reason is because Zuck screwed him over and did not want to live in US anymore.
regardless, he maybe saving $69m but still owe $365m
- utopian0
Kicking ass and taking names!
- utopian0
Facebook IPO fallout continues
http://www.washingtonpost.com/bu…
- utopian0
Morgan Stanley, Goldman Sachs Sued Over Facebook IPO
Morgan Stanley (MS), Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM) and other underwriters along with Facebook Inc. (FB) were sued by investors who claimed they were misled in the purchase of the social network firm’s stock.
- utopian0
Regulators eye Morgan Stanley's pre-Facebook IPO actions
http://money.cnn.com/2012/05/22/…
- utopian0
Facebook IPO Fiasco: Here’s How Small Investors Got Rolled Over
- I dunno, this feels kinda like when people tried to sue McDonald's for making them fatmonospaced
- monkeyshine0
I just bought FB stock on the notion that it has to get better. :)
- And that notion is based on what exactly?monospaced
- i believe more are buying on the notion that it will in fact get much worse. ;(ahandfulofdust
- based on 'what the hell' and nothing more.monkeyshine
- if you think fb is going up,
you gonna have a bad time********
- Josev0
http://www.thedailybeast.com/new…
From the link:
"Facebook’s IPO was a disaster from the moment shares began trading on May 18. They were priced too high, and too many of them were on the market, so instead of getting the typical IPO “pop,” Facebook’s stock swooned. Then came a bombshell that the company, worried about a weakening business, had quietly warned Wall Street analysts to lower their projections in the days before the IPO. Privileged clients got the news and backed away from the stock, while everyone else remained in the dark and rushed in to buy the shares. Some early-in-the-day investors lost 25 percent overnight."
"None of this is the right image for a company that is trying to convince 900 million users that it can be trusted with their personal information. “I have no doubt that this is going to hurt their business,” says Vivek Wadhwa, a research fellow at the Rock Center for Corporate Governance at Stanford Law School. “Facebook has gone from being a darling to being a villain. Zuckerberg went from being seen as this child-genius rock star to being seen as a thief. People have lost their savings.”
"Now the finger-pointing has begun. The Securities and Exchange Commission and the Financial Industry Regulatory Authority are investigating, as are U.S. House and Senate committees. Investors are filing lawsuits against Facebook and its bankers for the “selective disclosure” of the bad news before the offering, with one law firm also questioning the fact that two days before the IPO, several insiders, including two Facebook board members, decided to sell more shares than they originally intended."
- utopian0
Facebook IPO is flashback to dot-com class action
This is not the first time investors in a hot tech company's initial public offering have alleged that underwriters favored their regular clients at the expense of the little guys.
- In other news water is wet, bears shit in the woods etcukit2
- hahaha, seirusly, ukitmonospaced
- i_monk0
Is Facebook going to buy Opera?
http://tech.slashdot.org/story/1…Is Facebook working on a smartphone?
http://mobile.slashdot.org/story…1+1 = Facebook needs people seeing ads on their phones or it's doomed.
- maybe, yes, of coursemonospaced
- That's about what I was saying last week:
http://www.qbn.com/t…monospaced
- monNom0
Facebomb?
Faceplant?
Facepalm?
Failbook?I can't decide.
- ********0
mySpace.... help save us!
