Mark Zuckerberg has been plagued with legal and financial headaches.
A new lawsuit is claiming that the 28-year-old newlywed billionaire is guilty of insider trading, and that he dumped a billion dollars worth of stock because he knew it was vastly overvalued.
According to a report, a group of Facebook shareholders are alleging that Mark and his minion disguised a ‘foundational flaw’ that there wasn’t enough advertising revenue coming in to justify the $38/share IPO.
However, Zuckerberg and the rest of his investors are all taking a huge hit, as the stock continues to spiral down each day. Stay linked to the GossipCenter for the latest on this developing story.
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