Facebook's stock has taken a dive since it's initial public offering and investors are pissed! Some are so pissed that they've filed a lawsuit against the social network, CEO Mark Zuckerberg, and the stock's underwriters at Morgan Stanley.
Three investors are accusing the defendants of withholding negative information about the IPO, as one lawyer working for the plaintiffs explains:
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It was only a matter of time, folks! Starting May 18, you can get your hands on some Facebook stock when the company finally goes public to become the largest IPO in internet history.
celebrate raise more money from investors and prepare for the stock market launch, the social network is going on a nine day IPO roadshow beginning May 7. The tour will stop in New York City, San Francisco, Boston, Chicago, Baltimore and potentially Los Angeles to pitch to investors in hopes of raising up to $10 billion!
While CEO Mark Zuckerberg will make a few appearances along the way, COO Sheryl Sandberg and CFO David Ebersman will be the main stars of the show.
Are U going to buy yourself a piece of the internet's most popular website?
[Image via WENN.]
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Want some stock in Facebook?
With a valuation of $100 billion, insiders say the world's most famous social network may be going public as soon as the first quarter of next year.
Facebook COO Sheryl Sandberg said last month that a Facebook IPO (initial public offering) was "inevitable", although the company has not confirmed or denied her statement.
The company is approaching 500 investors, but once it crosses that barrier Facebook will have to report quarterly financial data in order to comply with the Securities and Exchange Commission. Sources are saying that the management is thinking the company might as well become publicly traded at that point.
The IPO may benefit employees too. Instead of raises in salary, employees being rewarded for their hard work may soon be receiving stock in the company whose growth doesn't show any signs of slowing down anytime soon!
If Facebook goes public, will you be investing in any stock?
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