Facebook under fire, under water: Investor lawsuits, investigations slam FB | TechRepublic
Facebook under fire, under water: Investor lawsuits, investigations slam FB | TechRepublic: Well here it is folks,proof that facebook is being sued as we speak.It would have been a very wise choice to not have gone public like they did.Earnings fell short of the expectations held by Facebook,then they attempted to amend the prospectus and reports about midway of the roadshow.I think did Facebook more damage then good.Most of the reports were infact,hidden from investors.Not a good scenario at all.If you place your company in the public stock market situation,and use Investors to have Gains,then you should always inform them of all transactions the company does,whether it is failing or not.Its Seeming Zuckerberg and Company are in the target now,and in a big way.Whether or not Zuck and company sink or swim out of this one,no one knows.
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