"This is the second time in two weeks a group of FB shareholders have joined together to accuse the mogul of withholding information."
TMZ did not cite any sources or specific financial details.
"The lawsuit claims Zuckerberg and his cronies hid the fact that there was a foundational flaw in the Facebook business model ~ that there was not nearly enough advertising revenue to support a stock valued at $38 a share," TMZ adds.
"The lawsuit claims Morgan Stanley, JPMorgan, and Goldman Sachs ~ all sounded the alarm before the IPO that Facebook was seriously overvalued, but that information was 'selectively disclosed' to only the largest investors."
Read more: http://www.moneynews.com/FinanceNews/Zuckerberg-Facebook-Shares-ipo/2012/06/05/id/441194
(10) The ceiling. We may already have hit it with Facebook's valuation.
“Consider that Facebook's 88% growth rate last year was something the company acknowledged was "unsustainable." Or that 10% to 15% of revenue comes from Zynga ZNGA and other game companies that use the Facebook platform. Or everything in this list: skeptical advertisers, a young management team about to become amazingly rich, a history of social-network flameouts, deep-pocketed competition and the privacy issue…. It should give an investor pause, right?