Facepalmbook

Thousands of beginner investors and hopeful enthusiasts purchased shares in facebook, being told it was the "opportunity of a lifetime". They got their hopes more then they probably ever did, seeing the rise of facebook over such a short amount of time probably had that effect, they probably thought their money would be doubled in no time at all. 

What happened though, is almost funny. They got left with heavy losses, totally predictable losses. The reason it happened was because of the hype, because they overpaid for the shares, because so many bought them. It's the same thing that happened with the dot com bubble and the housing market.

Investors complaints weren't far away, they tried to sue, there's going to be a SEC investigation.

Some of the complaints are quite legitimate, bankers apparently witheld information from the public, which is an offence.

But what is truely wrong is that these people were clearly just short tem speculators, like really short term. They were hoping for a quick buck, able to buy and sell a couple of days later, so in a way it serves them r ight for being greedy, when they are being greedy, it's the time to be careful

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