[hef19898]

Yeah, these guys are funny. One day they agressivly take over companies. And the other day, as it happened with VW stock in Germany, the sue others when their gambles don't work.

What I remeber from the VW stock story happened back then was the following. Porsche tried to take over VW, so they bought every stock they could. Hedge funds bet on falling values and sold VW stock short. Since Porsche continued buying, stock prices raised. Then the hedge funds had to buy the stock short selled, values raised further (up to 1k € if I remeber well). The result were funds obliged to buy stock for almost 1K they sold earlier for a fracture of that.

And after that they sued Porsche for stock manipulation. Yes, these guys are funny. And yes, that FBs IPO stumbled over a computer system is ironic!

[brazzy]

VM was a very special case, since most free floating stock is non-voting (I think this has since changed); at that time only about 6% of the voting stock was free floating.