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Response to Roland99 (Original post)

Wed May 23, 2012, 10:15 PM

52. Wasn't this already known?

I remember reading before the IPO that Peter Thiel's Accel (the VC firm) and Goldman Sachs were selling many of their shares. I don't remember if the articles mentioned whether or not Zucherberg sold any of his shares until today. That itself was enough for me to take a wait and see approach regarding the IPO (that and the projected profit forecasts and valuation were just out of whack).

I'm not convinced there is any wrongdoing here, aside from typical run of the mill, Wall Street casino style greed. I don't see any evidence that Zuch or anyone else did anything illegal. There were probably a lot of individual retail that may have been screwed, but that's because the Street really is a casino and the house ultimately wins. Investing is fine and all, but no one should go in and buy hundreds of shares of the newest hyped up stock. I remember hearing some were dumping their savings into FB shares. Wow that's dumb!

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Roland99 May 2012 OP
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