Zuckerberg is once again being sued by discontent investors
who are saying the entrepreneur dished out on inside information that stated
the Facebook stock wasn't worth its estimated value. To recap, Zuckerberg has
fought his fair share of legal battles against the Winklevoss
twins, the Jewish community that was enraged over a Facebook
page, and for misleading
investors.
Zuckerberg may be in over his head with this lawsuit which
claims that JP Morgan, Goldman Sachs, and Morgan Stanley tipped of only the
large investors of the company before the IPO and those who actually did invest
were left in the dark. Since Monday morning, Facebook
shares have fallen to $26.00 per share from its original $38.00 per share
when it was introduced.
To make things worse for Zuckerberg, rumors have been
circling around saying that he has made up to a billion dollars off the
stockholders. Zuckerberg allowed the IPO to go for an unworthy high price
because of ‘inflated projections' justifying Facebook's $100 billion valuation.
Many believe Facebook will die off within the next five years.
As you may or may not know, Zuckerberg recently married his
college sweetheart, Priscilla Chan, and is off on his honeymoon. How
coincidental that he decided to go off on a honeymoon when his stocks began to
plummet and has left investors waiting for answers. Zuckerberg has also been
neglecting avid Facebook mobile users who are discontent with mobile apps.
It seems like Zuckerberg continues to only care about his
own interests. With
Facebook for under-13 year olds in the midst he will reach another market;
bringing in more revenue for him. Facebook also recently introduced new ads on Facebook
log in pages; yesterday it was Michael Phelps for Subway, today it's Eva
Mendes for Pantene Pro-V. If Zuckerberg continues to neglect Facebook mobile
users and investors of his company we might live in a Facebook-less world. What would we be without Facebook? How do you
feel about Zuckerberg and his egocentric tendencies?