Findog

Facebook’s pump & dump investigation

In Humour, Nerds only on November 11, 2012 at 7:30 am

They are calling it the IPOcalypse.  Facebook hyped their IPO to the skies and promptly crashed in value.  Well before Facebook shares lost half their IPO hyped value there were dark mutterings about the fix being in.  I have a hard time understanding what value people thought the miserable identity-theft social media site had in the first place.  Now somebody who lost their life savings has filed an arbitration complaint against Morgan Stanley and NASDAQ with FINRA (Financial Industry Regulatory Authority) for nearly $2 million.  Sad fact is that the IPO was a scam from the beginning.

Here is a call to Unoccupy Facebook, a bit frantic but funny.. ;o)

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