so that is why they are being sued
I thought it was a scam. No way fb could generate the kind of revenue it promised

Anonymous wrote:the company has lost almost 30 billion in the past 3 days

No, the people hoping to make a quick buck off of the IPO lost 30 billion. The company's cash is untouched.

Anonymous wrote:the company has lost almost 30 billion in the past 3 days

The company has not lost any money, when the stock price declines its not the company that loses its the shareholders (do any of you own mutual funds). Also FB got $6.8 billion in the IPO, that money is likely still in the bank. Zuckerberg's personal valuation may have gone down, but in his case its all paper losses. At the end of the day even if the stock drop to $1, Zuckerberg will still end up with much much more than he invested in the company. Also Zuck walked away with over $1b from the shares that he personally sold in the IPO - there is no way to take that money back (unless he and FB gets sued).