Facebook, Zuck Sued By "Shocked" Shareholders As "The Truth" Emerges
Facebook shareholders were upset about the drop in price last week after the earnings report.
One shareholder took it so hard he filed a lawsuit against the company and CEO, Mark Zuckerberg. This is not first time move in the stock market yet one that rarely wins.
The complaint filed by shareholder James Kacouris in Manhattan federal court accused Facebook, Zuckerberg and Chief Financial Officer David Wehner of making misleading statements about or failing to disclose slowing revenue growth, falling operating margins, and declines in active users.
The first part might have some merit if proven. However, the later sounds like a shareholder who is upset that he wasn't contacted and told to dump the stock.
Isn't that the point of earnings? Where the announcement is done at the same time for everyone?
Click on image to read full story.
SWEET!...:)...
Hahahahahaha....those investors who put in to much they could not afford to lose...Probably they can bait the judge with declines in active users but overall report was quite good it just wasn't good enough for WallStreet and the stock was punish, as these company do clean up with the Bots in the masses, it could get a lot worse before it gets better
After being in cryptos for so long, I have to remind myself that a 17%, 1-day drop in stock price for a major is a big deal.
Sneaky Ninja Attack! You have just been defended with a 93.33% upvote!
I was summoned by @zer0hedge. I have done their bidding and now I will vanish...
woosh
A portion of the proceeds from your bid was used in support of youarehope and tarc.
Abuse Policy
Rules
How to use Sneaky Ninja
How it works
Victim of grumpycat?