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party12 [S] 2 points ago +2 / -0

It should be illegal to sell shares to the general public where shareholders have no recourse on management.

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RiffFantastic 2 points ago +2 / -0

I don't disagree, but it will take a disaster before people wake up to that fact. While everybody is making money, nobody is going to rock the boat. However, if Facebook capsizes, their model for selling shares would likely be challenged legally.