He made billions by luring thousands of unsuspecting investors (including home 'mom and pop' type investors) into buying his overvalued bubble stock
I thought that getting shares from an IPO like the Facebook's one was very difficult for small investors, because the big banks or brokerage firms responsible of the IPO kept the stocks for their big clients. I guess the people who had enough money to be one of those clients had a clue of what they were buying.
Can you elaborate on those "thousands of unsuspecting investors (including home 'mom and pop' type investors)" ?
I really don't see what's news here.
There is nothing new. This is Apple business model applied here: to take a preexisting concept, add a couple feature to it, wrap it in a white case with round corners and find a "cool" name for it.
Apple is 95% marketing and 5% innovation.
Don't most companies ban using company funds to buy competitors' products for operational staff?
Especially, when said company produce products that can be used instead of competitor product. That is common sense in my opinion.
This place just isn't big enough for all of us. We've got to find a way off this planet.