Interesting Comment from viewer: Anybody getting the idea that this IPO is intended as a golden parachute for facebook insiders as they head for the door? Grab (your) money and run?..... Who looks at ads on Facebook? IPO puts money into FB owners pocket. Then they sell off to another company and make more money, and run. One of the co-owners already run off to Brazil.

General views.

So now it's day four in the life of "public Facebook" (FB), and setting aside for a moment some gyrations in the stock price, it's safe to say things are still going to pretty much suck for the social media titan — at least for the foreseeable future. Only a week ago Mark Zuckerberg and the company he founded seemed to be draped in teflon and en route to world domination, whereas today kevlar might be a more suitable garment as an angry mob grows on their doorstep.

"They've done a lot of reputational damage to their brand, and that matters," says my co-host Jeff Macke in the attached video. He argues that the Silicon Valley company, renowned for its "thumbs-up and chums and we're all friends," has alienated its fans in a big way.

At the same time, with lawsuits literally mounting by the hour, it seems anyone within an arms reach of this deal is going to have some serious explaining to do. While shareholder suits are commonplace and often frivolous, the problem with this grievance is that it's grounded in populism, it's easy to understand, it will get wide mainstream coverage, and it's of interest to about one billion people.

As I write, shareholder suits have already been filed in New York and California. The State of Massachusetts has subpoenaed Morgan Stanley (MS), following reports that it allegedly only told a few of its best clients that its analyst was cutting his revenue outlook for the company. The entire underwriting syndicate — (GS), (JPM), (BAC), (BCS) — is being sued, as is Facebook's newlywed CEO and several board members. In addition, the Nasdaq (NDAQ) has also been sued, and the SEC and FINRA are launching investigations. Congressional hearings and probes can't be far off.

This is not how it was supposed to go. The long-awaited debut was supposed to be the fairytale ending (or beginning) to the great growth story of the modern era. Instead, it has become just one big mess that's not only an embarrassment to all parties involved but a huge distraction to a business when it is supposed to be focusing on ways to grow its revenue.

Interesting times ahead.

How Zuckerberg cashed in $1.13 BILLION worth of his personal shares BEFORE stock cratered - now could it end up at $10?

• Facebook founder saved $174 million by selling off 30.2 million shares at $37.58 each
• Shares rose about 2 percent today to $31.60
• Shareholders filed a lawsuit alleging banks that underwrote the IPO downgraded revenue projects for the company but never released the information to the public
• The Securities and Exchange Commission is investigating the accusations
• A Facebook insider warned privileged clients before the IPO that revenue would fall short of expectations and that shock price would drop

By Daniel Bates and Michael Zennie

PUBLISHED: 17:59, 23 May 2012 | UPDATED: 22:47, 23 May 2012

Mark Zuckerberg and leading Facebook investors cashed out millions of shares before the price dropped off a cliff, according to company filings.

It was also revealed that a company executive issued a warning days before the Initial Public Offering that Facebook;s revenues are lower than expected, information that would have likely dropped the opening price of the stock.

The new reports are already raising questions about whether top investors profited from the IPO at the expense of smaller buyers.

On Wednesday shareholders filed a lawsuit against Facebook and the banks behind the company's stock, Morgan Stanley and Goldman Sachs.

Additionally, both the Securities and Exchange Commission and the Financial Industry Regulatory Authority have begun looking into the matter.

The US Senate Banking Committee has also launched an inquiry and the state of Massachusetts has subpenaed Morgan Stanley, demanding answers.

http://www.dailymail.co.uk/new...-stock-cratered.html