Facebook investors have dragged Facebook CEO Mark Zuckerberg to court claiming he had a fore knowledge that facebook stock was over valued and dumped shares ahead of their Post-IPO plummet!
The suit claims that underwriters Morgan Stanley, J.P. Morgan Chase, and Goldman Sachs all warned Zuckerberg before the IPO that the company was overvalued, but that the information was "selectively disclosed" to only the social network's largest investors.
Facebook shares' plummeted since its debut in may 2012 - by a surprising 30%!!!
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