This was a rip off from the start. Whomever was unlucky enough to purchase this stock or had it incorporated into their investments should sue the hell out of everyone. Its almost laughable that the original investors whom were given stock for start up investment sold when it opened. Morgan Stanley should be investigated for fraud.
A few people got rich, even fewer will get richer. Tens of thousands will be left losing everything when eventually FB's stock crashes and people finally wake up to the sad reality that FB has no real plans for preventing themselves from being irrelevant by a shift in winds.
Its happened before and it will happen again. Some people just never learn and let greed take over there rational thought.
The reason why it's crashing like it is, happens to be because Morgan Stanley -- and the other company I forgot the name of -- who underwrote the IPO let certain investors know things before the day of the IPO, and those investors made money, and everyone else lost money. This is insider trading, plain & simple, and it's illegal!
[citation][nom]shawn808[/nom]This was a rip off from the start. Whomever was unlucky enough to purchase this stock or had it incorporated into their investments should sue the hell out of everyone. Its almost laughable that the original investors whom were given stock for start up investment sold when it opened. Morgan Stanley should be investigated for fraud.But you know whats gonna happen. NOTHINGBecause our government is the MAFIA.[/citation]
You really should learn when to use "who" and "whom". You got it wrong twice here.
[citation][nom]whysobluepandabear[/nom]Are any of you econ 101 fags out there?! This is what happens when capitalism gets RAN INTO THE GROUND. First, this was a GROSSLY over-valued stock. Second, this has insider trading written ALL OVER IT. This entire stock shows just how corrupt and crooked Wall Street is. Now lock the fuckers up, break down the banks, and start regulating these bastards. Money buys WAY too much these days - see 2008, where NO ONE got arrested or thrown in jail over what they did to this and the global economy.[/citation]
I'm still waiting for anyone to explain what exactly the banks did that was against any US law, because despite all the moral outrage, despite nearly bringing down the world economy, NOTHING the banks did was against any US law.
But hey, you wanted fewer regulations and a freer market, you got it.