Survey Finds Facebook Stockholders Hold Mark Zuckerberg Financially Responsible For Their Losses

June 5, 2012 - PRLog -- Results from a survey conducted via the Survey.com Mobile app found that close to 90 percent of users believe someone should be held responsible for Facebook’s immediate decline in stock value following its initial public offering (IPO) on May 18th. While over half of the total respondents felt that underwriters at both Facebook and Morgan Stanley were equally responsible, 42 percent of those respondents who had purchased stock held Facebook more responsible.  

Over 70 percent of respondents who purchased the initial Facebook (FB) stock believe the underwriters at Morgan Stanley knowingly overvalued Facebook’s IPO, which has resulted in losses for stockholders.  Nearly 80 percent believe they should be prosecuted.

One week following Facebook’s IPO, NASDAQ closed with FB at 16 % below its IPO.  Consequently, 88 percent of stockholders surveyed feel that Facebook executives, not Michael Grimes or Morgan Stanley analysts, are obligated to compensate the individuals who lost money following the immediate decline in stock value. A surprising 80 percent of all stockholder respondents believe Zuckerberg should personally repay losses to stockholders.

The biggest question is how much of an effect this will have on Facebook’s image and usage.  As the details of this controversy unfold, 77 percent of all respondents say their opinion about Facebook remains unchanged, while 85 percent say it will have no effect on their Facebook usage.

This survey was conducted May 25 through May 28 via the Survey.com Mobile app. The survey had a total of 1,724 total participants that completed the survey in its entirety. Of these individuals, 281 purchased FB stock, while 1,360 did not. All data can be stated with a 95 percent confidence rating. All participants were aware of, or had heard of the controversy regarding Facebook’s IPO prior to taking the survey.

Survey.com has been a leading provider of market research solutions since 1991, with a primary focus on Internet-based research since 1994. The new Survey.com Mobile app (available on Android and iOS platforms) was used to conduct this survey and provides a new way to reach people on location and on-the-go.

If you would like more information on this topic please call (617) 658-1064 or e-mail James Schortemeyer at jschortemeyer@survey.com. More information is listed on their website at http://new.survey.com/.