Maybe the famed Winklevoss Twins, who successfully sued Facebook head Mark Zuckerberg, are psychic. They might have anticipated that somehow they were going to be royally screwed by their association with Facebook, Zuckerberg, and social media networks. And screwed they sure seem to be.
As part of the remedy they won through litigation, the Winklevoss Twins received stock. That stock, reports CNN MONEY, split, giving them 6 million shares. Those shares could, well, become worthless.
Facebook stock is now at about 19+. It could go down to a very low single digit when the 4 lockout expirations occur from October through May. Investors have lost confidence in Facebook's future and many question if the company or the leadership has what it takes to restore that confidence.
So, The Twins might regret the day they encountered Zuckerberg in their school days at Harvard.