The link provided takes you to the story about the FB Blame Game. Is it not funny that when things do not go the way they were expected to go that someone needs to carry the blame and pay the piper.
Facebook stock went to the public at $38 a share on friday; was down 11% come Monday at $34 a share. Over the weekend Mark Zuckerberg made alot of money, got married, went on his honeymoon on money island and on Thursday someone got sued.
Is it just me or does the lady in this picture look less than amused? fizzled
I bet if the stock had gone the other way that no-one would have said a word. I find it amuzing that people who buy stock and then lose their shirt start crying conspiracy. Why does there have to be someone to blame? Maybe it was just destined to fail or have a slow start.
When that stock goes back up and I believe it will after everything settles down, these same people are going to be kicking themselves in the rear for selling or yelling or both.
I do not know much, well, anything really about the stock market but is that not what they do, rise and fall and are you not taking a gamble with each stock you invest in?
Dow plunges this article declares the Dow Jones is having its worst day in 7 months. Is it not a roller coaster ride? They go up, they come down...
They are screaming that there was inside information given to "special" clients on whether to purchase the stock. Isn't that what advisors are supposed to do? I certainly would not want my advisor to just let me buy anything without telling me what they thought of the idea. Is that not what they get paid to do?
What am I missing here? Morgan Stanley said Facebook advertising growth was not keeping pace with the increase in its users. OK how is that inside information that can be construed into a conspiracy and a law suit! Morgan Stanley and Facebook have decided that part of the problem is with Nasdaq's computer system.
Nasdaq's trading platform was overwhelmed so does that mean that the people could or should file a suit against Nasdaq? I do not think so. You took the gamble and it did not go so well, better luck next time. You cannot always get a blackjack.
I don't know anything about stocks, but I always thought Facebook would rise like Myspace and fall like it. Also seems like now days everyone is trying to sue everyone, it's getting out of hand when someone can sue McDonalds for making them fat and win....
ReplyDeleteI also don't know much about stocks, however for people to be able to sue over the stocks falling seems ridiculous unless the stocks were purposely falsified. I agree with you that people need not to invest if they aren't prepared for the ups and downs of the stock market.
ReplyDeleteOne reason I believe for all the issues involving Facebook is that there was a lot of hype about it finally going public. Then when if finally went and it was announced that Zukerburg was worth billions of dollars probably angered many who had just lost their money due to way stocks work. In the end I believe it is no one's fault but the people who had invested in it in the first place. (Always do your research before pouring your money into a stock)
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