Why Investing In Facebook Might Be A Bad Bet - Spokane, North Idaho News & Weather KHQ.com

Why Investing In Facebook Might Be A Bad Bet

MSNBC.COM - Investors, social media watchers and Facebook users may be looking forward to the social network's expected public stock offering later this year, but corporate governance experts aren't quite so enthusiastic.

Earlier this month, Facebook filed for a $5 billion IPO -- a deal that would be one of the biggest public stock offerings ever and values the social media juggernaut at about $100 billion.

Those sorts of numbers, coupled with the company's strong brand name, are likely to draw interest from individual investors eager to buy a piece of the company. Governance experts caution, however, that while buying a hot company like Facebook feels good now, potential investors should be wary of the stringent executive control structure outlined in the company's IPO registration document.

"Right now you have a situation at Facebook where there's a benevolent dictatorship, but my concern is they tend to become malevolent dictatorships, and that can hurt you when it comes to the pinch," said Aswath Damodaran, a professor of finance at New York University's Stern School of Business.

Damodaran notes that, based on information in the company's filing with the Securities and Exchange Commission, Facebook's founder and Chief Executive Mark Zuckerberg would retain complete control of the company for the foreseeable future and would even have the right to appoint his own successor before he dies.

Facebook has also set up defenses against takeovers and proxy fights, when shareholders unite to force changes at the directorial and management level. click here to read more

  • Most Popular StoriesMost Popular StoriesMore>>

  • Two injured in Montana after swerving to avoid a kangaroo -- Really

    Two injured in Montana after swerving to avoid a kangaroo -- Really

    Thursday, June 21 2018 12:46 PM EDT2018-06-21 16:46:44 GMT
    File photo of a kangarooFile photo of a kangaroo

    DODSON, Mont. - Two people were injured in Montana Wednesday morning after swerving to avoid a kangaroo on the road.  Trooper Matt Finley with the Montana Highway Patrol said he thought it was a joke when he responded to the call, but when he arrived at about 4 a.m. he saw the kangaroo.  Trooper Finley said he learned there is a kangaroo farm west of Dodson. 

    >>

    DODSON, Mont. - Two people were injured in Montana Wednesday morning after swerving to avoid a kangaroo on the road.  Trooper Matt Finley with the Montana Highway Patrol said he thought it was a joke when he responded to the call, but when he arrived at about 4 a.m. he saw the kangaroo.  Trooper Finley said he learned there is a kangaroo farm west of Dodson. 

    >>
  • Puyallup woman pleads guilty to defrauding $290K from Costco

    Puyallup woman pleads guilty to defrauding $290K from Costco

    Thursday, June 21 2018 12:56 AM EDT2018-06-21 04:56:03 GMT
    Puyallup woman pleads guilty to defrauding $290K from CostcoPuyallup woman pleads guilty to defrauding $290K from Costco
    Federal officials say further testing was unable to confirm the presence of E. coli in the onions and celery used to make chicken salad at Costco warehouses across the country.Federal officials say further testing was unable to confirm the presence of E. coli in the onions and celery used to make chicken salad at Costco warehouses across the country.

    TACOMA, Wash. (AP) - A Washington state woman has pleaded guilty to stealing nearly $290,000 from a Costco warehouse over five years. The News Tribune reports 54-year-old Robin Cline pleaded guilty Wednesday in federal court in Tacoma to charges of wire fraud.  Cline of Puyallup worked at Costco in Fife from 1996 to 2016 as an accounts receivable clerk. She was responsible for processing payments and refunds for customers of the warehouse club operator. Accordi...

    >>

    TACOMA, Wash. (AP) - A Washington state woman has pleaded guilty to stealing nearly $290,000 from a Costco warehouse over five years. The News Tribune reports 54-year-old Robin Cline pleaded guilty Wednesday in federal court in Tacoma to charges of wire fraud.  Cline of Puyallup worked at Costco in Fife from 1996 to 2016 as an accounts receivable clerk. She was responsible for processing payments and refunds for customers of the warehouse club operator. Accordi...

    >>
  • Spokane business owner fed up with feces, unwanted surprise at work

    Spokane business owner fed up with feces, unwanted surprise at work

    Thursday, June 21 2018 2:32 AM EDT2018-06-21 06:32:06 GMT

    A Spokane business owner says enough is enough after finding human feces in front of her doorstep three days in a row. The incidences happened at Neat Old Stuff located at 3rd and Bernard. The shop's owner, CP Phare, has been in the same location for the last decade and says suspicious activity has ramped up in the last year, but nothing like what's been happening over the last few days. "There's like surprise packages usually two-to-three times a week," 

    >>

    A Spokane business owner says enough is enough after finding human feces in front of her doorstep three days in a row. The incidences happened at Neat Old Stuff located at 3rd and Bernard. The shop's owner, CP Phare, has been in the same location for the last decade and says suspicious activity has ramped up in the last year, but nothing like what's been happening over the last few days. "There's like surprise packages usually two-to-three times a week," 

    >>
HD DOPPLER 6i
/