Friday, May 25, 2012

Investors accused Mark Zuckerberg of promoting fraudulent IPO

It makes just a week that the actions of Facebook had its debut on Nasdaq U.S. stock market, focused on technology companies. The price paid per share has been falling every day, which raises questions about a possible dot-com bubble of the decade. Amid this situation, the first social network of investors when the company was out of the bag, opened action against the government accusing Zuckerberg of Facebook and the whole troupe to promote a fraudulent IPO.


Investors concerned say Facebook hid some projections about the growth of the site that could be decisive for the purchase of additional shares during the IPO, the largest in the technology sector.

The bank Morgan Stanley and Mark Zuckerberg are nominally quoted. According to the complainants, was somewhat pessimistic projections about the growth of Facebook due to the expansion of the site on mobile devices. Since the phones and tablets no propaganda, is in doubt the ability of the social network to generate revenue from this activity - considered the main site (in addition to selling our data on the black market, if you depend on some adherents of the theory of conspiracy).

Such a report that the expected growth would not be met was shared by Morgan Stanley days before the IPO to a select group of investors. The information should go through full disclosure, investors complain that the sign process.

Regulators of the stock market of the United States notes the report published by Reuters news agency, according to a report published by CNN Money.

This week we got the news that Facebook is among the companies most valuable brand in the world, a list that includes Microsoft, IBM, Amazon and Apple, giants for years. We also learned that a new design for the Timeline is in development.