Did Mark Zuckerberg Know Facebook Was Overvalued?

Submitted by: fancylad 4 years ago

That"s what Facebook investors are claiming with a new lawsuit. Zuck knew and sold before the stock tanked. Don"t Like.
There are 27 comments:
Male 2,143
Greedy Farkers! Hope they lose most of it.
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Male 5,413
It`s Facebook. So?
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Male 273
Of course he knew and he wasn`t the only one, it was immoral but was it illegal ? That`s the question.
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Male 1,737
A website that makes money off ads thought to be worth more than it is, no way, that`s impossible. Under that logic I-A-B should be worth a couple million at least, you see where I`m going with this.
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Male 414
Meh, the man was smart, bailed and took a cool 1.5 bill with him. People be jealous, me included.
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Male 1,810
The Millenial version of Bernie Madoff ???
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Male 112
Oh man...you mean facebook as a publicly traded company had a huge inflated opening market price? Then subsequently tanked when investors started asking each other "How we gonna make money off this when its free?". Color me surprised.

Advertising is their only revenue stream from that "Business", and while exploiting data mining on the FB user base could possibly make that advertising more effective...its an overvalued, overhyped piece of poo. Always was, always will be. If you lost money on this...good.
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Male 12,365
Did anybody *not* know Facebook was overvalued?
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Male 395
maybe they should make a facebook group to plan their attack...
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Male 835
Haha, he has all of your personal information - he cn still keep selling it to every two-bit trojan-loading, skanky little website he wants to.
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Male 2,737
Isn`t that the goal of playing the stock market? Trying to make money?
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Male 37,888

I doubt he`s dumb enough to do such obvious insider trading.
Whiners gonna whine.

"Oh! I lost money gambling on the stock market! There must be someone to blame! Someone to sue! KILL ZUCKERBURG!!!"
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Male 206
Did Mark Zuckerberg Know Facebook Was Overvalued?

That would be SO out of character for him.
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Male 878
Caveat Emptor. I knew this was going to happen when it wasn`t done as an auction. The insiders got it at a preferred price, pumped the stock then dumped it on the opening bell. It`s an old stock market tradition in which the little guy is screwed every time.
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Male 14,773
Facebook`s share price chart is threatening to turn from a fast blue run into a double black diamond, now at $26 and still falling. I think you should all call your pension fund managers and ask them what their (your) exposure is.

To illustrate how bad it`s doing, hypothetically speaking, if it keeps falling at current rates of a little faster than a dollar a day, it will reach zero in a little over a fortnight.

I hate him and his company. I hope the powers that be strip him of his shares and send him to jail, then wind up the company.
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Female 2,602
It`s amazing how many people in the stock market game are technically illiterate. You never see Warren Buffett investing in a company he doesn`t understand through-and-through, and that`s the real `secret` of his success: the insight that comes from hard work and the ability to critically analyse potential as an outsider. By contrast, I can only imagine the type of people that invest in Facebook, LinkedIn and Groupon, etc, have got drawers full of magic beans at home, and can`t even work their own iPhones never mind appreciate the complex dynamics of online social media.

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Male 5,811
Did Zuck sell shares? The way I heard it was that he did some fancy financial juggling so that he still retained control. I`m pretty sure it was large investors like Bono, Microsoft etc. that won big on the Facebook fiasco.
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Male 1,311
I`d feel bad for them, but that`s how the stock market game works. When it`s under valued they make raping and when it`s overvalued they get rape. Research research research.
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Female 2,602
I think *all* of these massive IPO floatations of web-based companies are just the latest incarnation of the dot com bubble. Back at the turn of the millennium I had to explain to people why merely having a website wouldn`t make them any money. These days, I find myself explaining to much the same group of people that merely having a lot of users for your free web offering won`t make you any money in the long-term either; certainly not enough to justify the massive outlay you need to get into that position.

These sites are all based on the premise that, once you`ve herded enough people into signing up and giving you access to their contact details and insights into their habits and relationships, you can use that knowledge to market to them like mad. This theory fails on two points: 1) people aren`t stupid, and 2) Adblock Plus exists.
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Male 358
everybody knew
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Male 3,285
Sounds to me like the investors thought they were on to a big winner, then when their bluff was called, they refuse to accept the blame that they made a bad investment choice so decided to blame others.
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Male 2,362
So stupid people were stupid and did a stupid thing and now want to sue. Nothing new there. Did Zuck really do anything illegal? I`d wager some devious shenanigans were going on.
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Male 148
If you ask me it was and still is patently obvious that Facebook is hugely overvalued.

Most stocks have a price / return ratio of about 1:10. That is I`ll make back the money I spent on the stock in about ten years. Facebooks was about 1:100. What muppet thought that was a good idea?

Also the last .com bubble was only 10 years ago. People who don`t remeber history a doomed to repeat it.
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Male 1,754
Okay?
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Male 1,008
People made a bad investment and are looking to sue!!?? Now I`ve heard everything.
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Male 14,773
Never liked. Burn the witch.
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Male 19,840
Link: Did Mark Zuckerberg Know Facebook Was Overvalued? [Rate Link] - That`s what Facebook investors are claiming with a new lawsuit. Zuck knew and sold before the stock tanked. Don`t Like.
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