Wednesday, June 12, 2013

Facebook shareholders meeting not so friendly

From USA Today: SAN FRANCISCO — Facebook CEO Mark Zuckerberg faced his first shareholders' meeting in what has been a rocky ride for company investors.
Facebook's meeting comes after the company last month celebrated the one-year anniversary of its public debut, a sobering reminder of the overhyped IPO and its dampening effect on public markets.

Many retail investors have been burned while insiders have exited with tidy profits. Individual shareholders lined up to complain of their lost fortunes and to question the company's bumbled handling of the offering. Read the rest here

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