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Original post made
on May 28, 2012
Corrupt price manipulation? Or incompetent IPO? Or both?
Wasn't the company, they put the info into the S1. Was the banksters.
Be an interesting trial. My guess is they settle.
The whole world of stocks is suspect! Companies can virtually print money. They should have to borrow money like everyone else has to. In this case, Facebook and its partner IPO firms got too greedy and priced the stock too high, and they issued way too much stock. If the world of stocks is somehow necessary, there should be a law that companies can't issue stocks to their own officers and managers and employees. Consider: The whole reason for selling stocks is to help finance a company's growth, not make its founders rich. Because Zuckerberg was given so much stock, he, and not the private buyers of the stock, owns the controlling interest in the company. If you like gambling, stocks are for you.
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