Facebook Investors Sue Zuckerberg Over Ipo

Facebook investors sue Zuckerberg over IPO Furious Facebook investors have filed a lawsuit against founder Mark Zuckerberg, alleging he knew the business had been overvalued ahead of its flotation last month.

Topics:  ipo   furious facebook   mark zuckerberg   zuckerberg   
  • Share structure helps Facebook CEO Zuckerberg rule the roost
    Sweeping changes Mr Zuckerberg ... of issuers and investors.” Facebook’s board is at least saying it has got the message on privacy issues, but maintains its leaders are the right people to steer the company through the tumult. Sue Desmond-Hellmann ...
    04/13/2018 - 4:14 am | View Link
  • Mr Zuckerberg goes to Washington
    Some of his inquisitors appeared annoyed by Mr Zuckerberg’s rehearsed responses ... Facebook’s share price closed nearly 5% higher after his first day of testimony. Investors may be betting that the worst of “Facegate” could be over, but it ...
    04/11/2018 - 10:40 pm | View Link
  • Facebook drops its opposition to California's proposed privacy law — right after Zuckerberg was grilled about its data collection practices (FB)
    Facebook moves followed CEO Mark Zuckerberg's congressional appearances this week ... And it would allow consumers to sue companies over data breaches. Facebook, Comcast, AT&T, Google, and Verizon have each contributed $200,000 to the campaign to defeat ...
    04/11/2018 - 12:54 pm | View Link
  • The uncomfortable question Zuckerberg kept facing: Is Facebook a monopoly?
    Lindsey Graham, the Republican from South Carolina, asked Zuckerberg, “Who’s your biggest competitor?” It was not an easy question for the Facebook CEO to answer. Facebook tells investors in ... governments who want to sue it or impose more ...
    04/11/2018 - 8:23 am | View Link
  • Live updates from Day 2 of Mark Zuckerberg’s testimony to Congress
    That was Zuckerberg’s response to whether or not Facebook is planning to sue Cambridge Analytica ... SpaceX’s valuation is expected to climb to $24 billion Musk keeps his investors exceedingly close. SoftBank is in talks to invest in data storage ...
    04/11/2018 - 2:58 am | View Link
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  • Facebook
    Facebook is an American online social media and social networking service company based in Menlo Park, California.Its website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.
    04/15/2018 - 8:48 am | View Website
  • Techmeme
    The essential tech news of the moment. Technology's news site of record. Not for dummies.
    04/15/2018 - 8:19 am | View Website
  • Facebook fine could reach $2 Trillion; Investors sue; Zuck ...
    Up to $40,000 fine per privacy violation. 50 million users. $2 trillion dollar fine. Probably would not actually reach that high but this situation is a raging dumpster fire for Facebook.
    04/14/2018 - 11:29 pm | View Website
  • Facebook | Crunchbase
    Facebook is an online social networking service that enables its users to connect with friends and family as well as make new connections.
    04/14/2018 - 7:55 pm | View Website
  • Technology News
    Find the latest business news pertaining to Technology covering companies, advancements, multimedia, electronics, mobile technologies, and science available on the official CNBC Technology site.
    04/14/2018 - 4:20 pm | View Website
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