Bloomberg describes how the SEC extracted key data from a reluctant Facebook (FB) prior to the...

Bloomberg describes how the SEC extracted key data from a reluctant Facebook (FB) prior to the company's IPO. The volley of emails between the sides "depicts a management team...still guessing at even rudimentary aspects of its business." Many of the issues "now unnerving investors were foreshadowed" in the correspondence, including about Facebook's mobile strategy.

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Comments (6)
  • gerardo rodriguez
    , contributor
    Comments (10) | Send Message
    Greetings there.
    I have to admit first, that the current market situation, to invite more prudence than the risky investment.
    The last movement of the Dow Jones, clearly indicates that prudence is the best path available to today's investor.
    10 Oct 2012, 04:46 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
    I wouldn't buy FB shares with someone else's money; not even while wearing a hazmat suit. But, if you feel you *must* own a piece of the faerie dust and vapors that make up a large part of this company's "worth" then wait until it gets to around $15 (it's going there...tons and tons more shares are still waiting to exit lockup) and then buy it only for a trade. There may be some value in the company, but I see no indication that the people running it know how to unlock it. They're pretty good at ripping off investors with vastly overhyped stock sales and selling members' private info to the highest bidder, but running the company itself? Not so much.
    10 Oct 2012, 05:48 AM Reply Like
  • gwynfryn
    , contributor
    Comments (6458) | Send Message
    Nor would I, even at 15$ (maybe if it drops below 12$, though that's still twice what the company's worth; today's price has mostly to do with fans' enthusiasm)! This reported diddling by management is worrying; surely they've had long enough to master the fundamentals? It makes me suspect that too many are there for the ego trip, and not because of demonstrated competence, which hardly bodes well for the future...
    10 Oct 2012, 07:39 AM Reply Like
  • rambler1
    , contributor
    Comments (995) | Send Message
    Nice job SEC! Who are you guys protecting?
    10 Oct 2012, 08:16 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
    The bells are ominously ringing.....
    10 Oct 2012, 09:19 AM Reply Like
  • derekmw
    , contributor
    Comments (391) | Send Message
    Facebook reminds me of the
    10 Oct 2012, 09:25 AM Reply Like
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