In Pictures: The 10 worst tech screwups of 2012 (so far)

Among a bounty of flops, flubs, and faceplants, Cringely picks tech's 10 biggest blunders we've seen in the first half of the year

In Pictures: The 10 worst tech screwups of 2012 (so far) prev next

Loading...

1. The Facebook faceplant

It was the most eagerly anticipated public offering since the Greeks handed the Trojans that big-ass horse -- and the results were about as disastrous for small-time investors. Instead of a return to boom times for high-tech stocks, we witnessed a clusterfrak of epic proportions. Before shares began trading, Nasdaq had a meltdown. After a brief climb, the stock swooned and has yet to recover, trading at two-thirds the initial price as I write this. Why? On its IPO roadshow, Facebook had given information about its prospective mobile revenues (or lack thereof) to the big banks but failed to share it with the investing public. It seems Mark Zuckerberg had customized his Facebook settings to "Share with major institutional investors only."

Prev Next 2/11

Comments on this image

There are currently no comments for this image.

Comments are now closed.

Close

In Pictures: The 10 worst tech screwups of 2012 (so far)

11 images
Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?