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Facebook Fought SEC To Keep Mobile Risks Hidden Before IPO

|Includes:Facebook (FB)

I don't have a lot of compassion for people that gambled on the Facebook (NASDAQ:FB) IPO on the belief that the stock just had to go up. That is not a winning investment strategy or emblematic of an investment at all. I will say though that I though Facebook's management did everything they could to ensure a horrendous result for people that bought the IPO. The reason I say this is due to the dramatic increase in shares issued, and then this revelation as to the company's conduct with the SEC is certainly less than desirable.

http://www.bloomberg.com/news/2012-10-10/facebook-fought-sec-to-keep-mobile-risks-hidden-before-ipo-crash.html

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: FB