Mark Zuckerbuck, 28 the founder of one of the most noted social networking sites in the world was recently sued for hiding the true value of the stocks and unloading his share of stocks. The value of stocks were coming down heavily and this fact was veiled from the IPO.
The disgruntled shareholders sued him for more than $15 million. They are of the strong belief that Zuckerbuck and his group of big investors had inside knowledge of the true state of his stock. The lawsuit was filed a week after the social network became public. It has been pointed out that JP Morgan, Morgan Stanley and Goldman Sachs failed to inform all the shareholders.
Mark Zuckerbuck, recently got married (May 20, 2012) to Priscilla Chang, whom he has been dating for 9 years ever since they both studied at the Harvard. The marriage was held the day after his company, Facebook went public.