#7 Facebook And The IPO Tragedy

The world’s biggest social network, with approximately 1 billion users set out on its journey to become one among the most valuable companies in the world by offering its IPO at $38. It kept up with hype till the last moment with most of the shares getting looted by celebrity Silicon Valley Angels and the Private Equity firms, hurting the common investor. However things turned upside down in a jiffy. With analysts cutting revenue forecasts, just before opening; shares reaching as low as $24; Nasdaq noticing for the late trading; investors suing Zuckerberg,  the most hyped IPO of the decade turned a disaster.

Read: 7 Real Reasons For Facebook’s IPO Failure

#6 A Troubled Apple

Apple’s iPhone 5 release was probably one of the best discussed topics of this year in tech arena. But the top headline which attracted many was the exposure of poor working conditions at Apple’s manufacturing plants. Around 2000 workers at the Foxconn factory in China turned riots on a September evening, putting pressure on the Cupertino tech giant, which had came under fire for poor working conditions in early years. There have also been multiple suicides inside the facility. Eventhough Apple requested the Fair Labor Association an enquiry, the conditions are still under the labor of “improvement.”

Also Read: Exposed- The Miserable Birthplace Of Apple's iPhone 5