Facebook shareholders filed a new class action lawsuit against the 28 year old CEO. Zuckerberg is accused of pulling a billion dollar fast one on Facebook investors. Allegedly, he had inside info that the stock was grossly overvalued and decided to swiftly remove a ton of Facebook stock in hopes of protecting his own financial haven.
I guess he didn’t learn his lesson the first time since apparently this is the second time in two weeks a group of Facebook shareholders are accusing him of withholding information. Zuckerberg, along with a few of his minions attempted but failed at hiding the fact that there was not enough advertising revenue to support a stock valued at $38 dollars a share. Hmm….
