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All indications pointed to a slow in revenue and growth as almost everybody already has an account with Facebook and not many people are using the advertising.
All in an attempt to destroy facebook, tank their value, offer a fair price to buy out the company and turn it around to make millions. I think it’s all part of an evil plan…..I read it on a page.
It would seem that the stock was a overpriced at the get-go, more due to PR and chatter rather than hard facts. What is the price of air these days anyway?
When Warren Buffett stated that he would not touch this stock, should have been the red flag for all investors.
What was I thinking when I sold my “MySpace” stock to buy Facebook. One bad decision after another.
There are many who will forever believe that Facebook is a technology company. It is not! It is a media company no more no less. Investors will be better off when they admit that there is a difference between Apple and Facebook.
Investing in anything presents risk. Anyone who bought a bunch of Facebook stock took a chance.
If the allegations are true, and it appears they are, then there should be some jail time here. After all why should they get away with it and not Martha Stewart?
Actually Martha Stewart went to jail for not telling the truth under oath about the insider trading, not for the insider trading itself. So I guess that as the investigation goes on, if those involved tell the truth that the IPO stock was overpriced, then they may get slapped up and fined, but not jail time.