Report: Manchester United Under Investigation On Wall Street Over Firing Manager David Moyes Which Resulted In Shares Rising

David Moyes

Reports online indicate century's old English football club Manchester United is under investigation on Wall Street by the SEC, over Monday's firing of manager David Moyes, resulting in shares rising. The sudden increase created an infusion of cash to the tune of $200,000,000, catching the regulatory board's eye.

Alex Ferguson

There's nothing to investigate. If you follow English football you'll know Manchester United saw their side suffer unprecedented defeats under new manager Moyes. As a result, many lost confidence in one of the oldest and most famous football clubs in the world. When Moyes was terminated on Monday, people became hopeful the club's fortunes would turn around and return to what it was last season when they won the title and Champions League. 

Ryan Giggs

Moyes' sacking has been the talk of social networking dominating Twitter this week. Several hash tags on Twitter concerning him trended highly for two days in a row. The attention attracted new investors. Football legend Ryan Giggs is the interim manager until a permanent replacement is chosen.

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Facebook IPO Being Described As Lackluster In Light Of Shares Falling

Mark Zuckerberg

The Facebook IPO that hit Wall Street in America yesterday, described as the biggest of its kind, is being described as "lackluster" and one that "fizzled." Prices initially rose, then dropped to $38.00 per share, forcing stockbrokers to intervene in propping up the price.

This is well below the value of other companies, such as Facebook contemporary Google and investment titan Berkshire Hathaway. On the eve of the initial public offering, General Motors yanked $10,000,000 in ads from Facebook, stating they did not work, having no consumer impact.

"The Social Network" movie

The most valuable companies in America are Apple, Wal-Mart and McDonalds. Facebook has entertained many, but for overall, sustainable value, the Judiciary Report is of the belief, social networking can be fickle and other companies with a more solid business plan and durable products, have a better chance for long term sustainability.

After all, look what happened to MySpace. One minute it was the biggest thing in social networking, the next people stopped using it and Rupert Murdoch was forced to sell it for next to nothing, compared to what he paid for it a few years prior.

STORY SOURCE

GM to drop Facebook ads due to low consumer impact

Facebook off to faltering public start