Melbourne's widest variety from 2K to today, Mix101.1 with Chrissie & Jane waking up Melbourne weekdays from 6am.
CONNECT WITH US
SITE SEARCH
Tuesday, June 05, 2012 4:20 PM
FACEBOOK.COM investors have filed a lawsuit against founder MARK ZUCKERBERG, alleging he knew the business had been overvalued ahead of its flotation last month (May12).Zuckerberg floated his social networking site on the U.S. stock market for $100 billion (£63 billion) but shares soon dropped in price, prompting complaints from many investors.
Critics allege the CEO knew the stock was overpriced and protected his own finances by selling off the organization, according to TMZ.com.
Editors at the website report a lawsuit has now been filed against Zuckerberg, in which it's alleged the site did not generate enough revenue from advertising to warrant selling shares at $38, and that this information was passed on by Morgan Stanley, JPMorgan, and Goldman Sachs prior to the flotation.
source: WENN.com
Melbourne Weather
2°
Thursday
Frost or fog then sunny.
H:14°
L:3°
-
14°Fri -
14°Sat -
14°Sun
-
14°Mon
-
14°Tue
Is It Just Me
Have you ever taken the law into your own hands?
Subscribe to Our Newsletter
Sign up for MIX Newsletter. Keep up to date with the latest gossip and news and promotions
