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Zuckerberg being sued

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By Ebony Hall - bio | email
Menlo Park - CA -

He may have just gotten back from his honeymoon, but Mark Zuckerberg is definitely back to reality.

Furious Facebook investors have filed a lawsuit against Zuckerburg, who founded Facebook.  They believe he knew the business had been overvalued ahead of its Stock Market debut last month.  Zuckerberg floated his social networking site on the U.S. Stock Market for $100-billion, but shares soon dropped in price, prompting complaints from many investors.  As recently as yesterday, those shares dipped below $27 a share.

Critics allege the CEO knew the stock was overpriced and protected his own finances by selling off the organization, according to TMZ.