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Egg on Face(book)

Jeffrey286 Wrote: May 29, 2012 3:12 PM

My question, If Zuckerberg, Facebook and Morgan Stanley, purposefully, jacked up the introductory price of Facebook stock, knowing the company was not worth that much, knowing the price would almost immediately plummet once it was on the market, then promptly sold their stock and pocketed the profits... Did they commit a crime? Is this some kind of insider trading?

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Michael1364 Wrote: May 29, 2012 3:29 PM

More like illegal stock manipulation. Yes, there should be some sort of civil penalty at the least.

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Egg on Face(book)

There will be investigations and already there are lawsuits over the rollout of Facebook's overhyped IPO last week, but no investigation is necessary into the reason for the outrage over the stock's rapid fall. It's called human nature.

It is the same characteristic that causes people to believe against staggering odds that they can win the lottery, or score big in Atlantic City or discover a fool-proof "system" for playing the stock market. It is the familiar get-rich-quick notion that somehow one can bypass hard work, sound financial planning and win The Big One, retiring to a life of ease.

The...

Related Tags: Congress Facebook stock market Morality IPO risk