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+--- Thread: Should we all join this lawsuit against facebook? (/thread-58829.html)
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Should we all join this lawsuit against facebook? - news junkie - 01-30-2013 01:08 AM
People who invested in facebook last Friday are already suing the investment banks, facebook and Zuckerberg himself because they've lost money. The investment banks did raise the range of the IPO price shortly before the IPO and more shares were offered than expected, so more share for same amount of money equals lower price. Anyway, should we all join in the american tradition and join this lawsuit? Reality is not relevant, neither is the fact if anyone actually invested, it's just joining the opportunity to sue people, it's american tradition. It's now a human right to make money.
- Lost - 01-30-2013 01:16 AM
Yes. Lets screw 'em.
- Seleste - 01-30-2013 01:16 AM
no
- Jamlord - 01-30-2013 01:16 AM
The stock market is a wealthier mans crap game.
- john - 01-30-2013 01:16 AM
The main complaint I've heard is that small time investors didn't receive information that the bigger investors had access to. However the info that was given to the bigger investors was widely available for at least a week before the IPO. It is an investment. It requires research. Anyone that did the research knew it was a bad investment. Anyone who bought it either didn't do the research or didn't heed the warning. So, no, they shouldn't get a dime. I'm betting the same people complaining about the stock price are still holding on to the stock hoping it'll jump tomorrow , so they get what they get.
- Zelda - 01-30-2013 01:16 AM
Oh for heavens sake---all investing is gambling. Take it or leave it.
- Riya - 01-30-2013 01:16 AM
Research analysts at several underwriters lowered their forecasts for Facebook after its May 9 prospectus cautioned investors about the possible impact of users shifting to mobile platforms. Facebook currently makes little revenue from mobile ads. However the point is if Facebook told analysts to materially lower their forecasts, it should have told the entire market.
Although trading is a speculative activity, its every company's responsibility to share their inside story correctly. So, Facebook is at Fault and people who have filed the suit are not completely wrong in what they are doing.
- John Ashtone - 01-30-2013 01:16 AM
Having not been stupid and buying any Faceblah shares I can't.
If on the other hand you did buy them then yes you can.
- xpatinasia - 01-30-2013 01:16 AM
Nope.
- giginotgigi - 01-30-2013 01:16 AM
If Facebook went bankruptcy, social media will be very quiet and many corporation lost their channels of marketing.
Just be patient, the price will go up eventually. Just some big-cheese manipulating the socket market so that they can earn much much more money.