The shift of consumers from the use of computers to smart phones and its impact on Facebook:
A)Was fully disclosed in the original prospectus for the company's IPO
B)Was not material for purposes of disclosure on its IPO
C)Was not fully disclosed in Facebook's prospectus
D)Was not relevant to Facebook's profitability

Question

Quizplus · Accepted Answer

The shift of consumers from computers to smart phones was not fully disclosed in Facebook's prospectus, which was a point of contention for some investors who felt that the lack of transparency regarding this trend affected the stock's performance.

The Shift of Consumers from the Use of Computers to Smart