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by gisikw 5133 days ago
I don't understand this. Selective dissemination of actual business data - fine, sue their asses. But projections are guesses - guesses without any guarantees. Facebook could magically rake in a billion tomorrow, or completely shut down - "projections" aside.

Why is it that there's a legal recourse because the projections person X got were different from what person Y got?
1 comments
SagelyGuru 5133 days ago
Because the stock price people are asked to pay at an IPO (or at any time) is based primarily on projections.

So, 'Mom and Pop' got projections A which made $38 sound like a reasonable price, whereas the big boys got projections B which told them to wait till the price settles on $10.

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MartinCron 5133 days ago
'Mom and Pop' got projections A which made $38 sound like a reasonable price

That's only half true. $38 never really looked like a reasonable price.

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