On Friday there was much fanfare over at Facebook headquarters after it’s founder Mark Zuckerberg (28) launched the flotation of his company on the US stock market.
I admit I was looking for ways to buy shares in the company. I didn’t know how I was going to do it or where I was going to buy them from but I just wanted some shares (lol).
However the excitement came to an abrupt halt on Tuesday after it was announced that the shares had dramatically fallen and now two US government panels are to investigate the company’s high-profile stock offering amid claims that the bank handling the flotation may have provided only select clients with a negative assessment of the company.
It has also been reported that Facebook shareholders plan on suing Mark Zuckerberg.
The brown stuff has officially hit the fan. Poor old billionaire Zuckerberg.