Comments on: A Sad Woman Lost Her Entire Life Savings in the Facebook IPO and Now Wants Her Money Back

By: Spazturtle

Spazturtle — Wed, 07 Nov 2012 14:42:59 +0000

The thing is that Facebook withheld a report that showed that they had made a loss, they where required by law to publish it befor the IPO but they decided to publish it after.

The fraud case is ongoing I belive.

By: Mr Tennent

Mr Tennent — Wed, 07 Nov 2012 14:25:45 +0000

Whilst people who invested heavily in Facebook are clearly stupid I do think Facebook themselves have a lot to answer for, what they did was nothing more than a loosely disguised con they knew the numbers didn’t stack up that their profits didn’t match what they said the company was worth and were relying on naive vulnerable people to make their money. Its a bit annoying how the victim gets the blame for being stupid all the time, whilst the perpetrator laughs all the way to the bank. We don’t blame kids for taking sweets from Jimmy Saville do we, we blame Jimmy Saville !

By: Rich Murrills

Rich Murrills — Wed, 07 Nov 2012 13:14:51 +0000

Her $1.9 million claim includes … $1 million for “pain and suffering”

If that’s not trying it on I don’t know what is.

By: mayhem121

mayhem121 — Wed, 07 Nov 2012 12:55:49 +0000

I don’t recall a gun being pointed to her head.

By: lancsDavid

lancsDavid — Wed, 07 Nov 2012 12:49:11 +0000

mmm… doesn’t explain HOW the chumpess lost her money

By: The Doctor

The Doctor — Wed, 07 Nov 2012 12:45:07 +0000

Reading through the Reuters article, this caught my eye:

“Swaminathan said she remained “trapped” in the stock until Monday morning, when it had declined to “around $8 to $9″ per share.”

FB closed at $34/share on that Monday.

She’s just an idiot who’s trying it on.

By: Darrell Jones

Darrell Jones — Wed, 07 Nov 2012 12:40:56 +0000

How is it possible that she lost “Her Entire Life Savings”? Has Facebook stock fallen to zero? No. So she lost a chunk of money betting on something she really didn’t understand. It’s her own damn fault. Unless she can show that she gave sufficient time for he brokers to cancel the transaction and they failed to do so, In which case she has a case.

By: Rich Murrills

Rich Murrills — Wed, 07 Nov 2012 12:39:12 +0000

From the details given I guess if it can be proved her brokers didn’t carry out her instructions in a timely manner she *might* be due some sort of compensation from them, but it sounds like she’s pissed off that she lost her money which is just tough luck.

By: spank86

spank86 — Wed, 07 Nov 2012 12:33:07 +0000

If she gets her money back then I want a little conversation with some casinos.

YOu gamble on the market like that you should expect to lose (especially when almost everyone was saying facebook would be a lame duck, markets run on confidence and there was none.)