Facebook CEO – MARK ZUCKERBERG Being Sued – Claims He Witheld BILLION DOLLAR Information

For the second time in two weeks, a group of ‘Facebook’ shareholders have accused Mark Zuckerberg of withholding information. The class action lawsuit claims Zuckerberg had inside information that the stock was immensely overvalued, and in efforts to protect his own financial interest, he quickly unloading a mass amount of Facebook stock.

It was stated that Zuckerberg and his company intentionally hid the fact that there was a BIG foundational flaw in the Facebook business model and there was not enough advertising revenue to support the stock that was valued at $38 a share.

The lawsuit claims Morgan Stanley, JPMorgan, and Goldman Sachs all stated that Facebook IPO was seriously overvalued, but that information was “selectively disclosed” to the largest investors.

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