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I think people are missing the point here. People may be disappointed because the share price dropped but they are not suing on that basis.
They are principally suing the underwriter for appearing to tell their institutional investors one thing, and telling the retail investors another (Facebook are included in the suite not because their share price dropped, but because they suggest Facebook were complicit). If Facebook was already public and information was selectively shared in this way then it could be considered insider trading. Because this was (just) before the IPO it is not.
Even though the underwriters ‘complied with all applicable regulations’ (their words) it certainly stinks. It stinks enough to have the SEC and all over it so it’s no surprise that it stinks enough to the retail investors to file suit.
Losing is part of playing the game. Losing a rigged game is not.
2 days ago on Facebook IPO: lawsuits and accusations cloud the bigger issue
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I had forgotten all about Compaq (and I used to work for them). Not sure you can really value a brand at $1.2B if everybody has forgotten about it. Sounds like an accountants way of avoiding saying ‘remember that time we said we had an asset worth loads of money? Well ’loads’ was a little exaggeration’
3 days ago on 'HP Compaq' branding to end next year, Compaq name will live on for 'basic computing at entry-level pricing'
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Indeed…. this+
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium
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OK… bad people do bad things, but until a war is started in the name of pornography or he slaughters the indigenous peoples of south america let’s leave Ron Jeremy alone.
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium 2 recommends
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Your mind is very easily blown. 11" gaming laptops are about efficient use of space – duplicate connections are a waste
No need for Display Port or DVI when you have HDMI. Yes, Display port is better but is still not widely found (in your average hotel room for example).
5 days ago on Review: 11 inch Ivy Bridge + Kepler (Clevo W110ER) 1 reply 1 recommend
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40000 guys, one cup
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Actually one also produces wars, genocide, intolerance, homophobia and the oppression of women in chauvinistic, patriarchal societies.
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium 3 replies 7 recommends
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By excluding women these 40000 men have disqualified their own opinions as having any merit. By defending that exclusion you have disqualified yours,
It’s the 21st century… you just have to deal with it because it is not going to change any time soon.
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium 2 replies 7 recommends
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There is a dude wandering around saying ‘For pete’s sake, does ANYONE want a hot dog or a beer?’
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium 1 reply 4 recommends
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hey honey… I’m going to the sermon with 39999 other women. You and the men can watch the live stream.
No? Didn’t think so.
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium 9 recommends
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They were ‘allowed’ to watch the men’s event on TV.
That’s not equal – 40000 women in another stadium would have been equal.
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium
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Yes… they are all united in medieval attitudes to women.
40000 men + 0 women = 40000 men who’s opinions should be ignored
5 days ago on More than 40,000 Orthodox Jews rally against the internet at New York baseball stadium 5 replies 50 recommends
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Eeeeeeeek!
And on the day the uncanny valley got a bit deeper, I’m not going to sleep sleep until I see that thing melted down by Linda Hamilton.
10 days ago on Russian researchers want to replace your physical body with a holographic avatar
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ah… so links don’t work then :-)
15 days ago on Facebook testing new 'highlight' feature: pay to promote your posts 1 reply
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I ONLY use it to post useless trash. I think it is unfortunate people try to use it to bring awareness to important matters.
Are you not entertained?!
15 days ago on Facebook testing new 'highlight' feature: pay to promote your posts 2 replies 4 recommends
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At least Google’s autonomous car actually has to be able to avoid accidents.
If the US mil stick to their current SOP that anyone in the path of a moving vehicle should get out the way (and if they don’t they are probably an enemy combatant and can be run over anyway) then it certainly makes the software simpler.
Seriously… AFAIK the US is not that concerned by the ethics of autonomous machines – it’s Clive Stafford Smith and most of the world human rights organizations that have a problem with it.
16 days ago on US military seeking more autonomous robots and vehicles
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Clearly. And the fact that this ‘UIX design choice’ enables Apple to take a 30% cut of all economic activity which takes place while using an iPhone/iPad is just an unintended consequence.
I look forward to Apple streamlining the process further by taking a 30% cut directly out of your pay-cheque.
24 days ago on Dropbox confirms Apple is rejecting apps that use its SDK (updated) 4 replies 31 recommends
