As for Facebook, I'm ambivalent. Kinda like the housing bubble. Everyone with have a twit knew that prices were inflated. Most all the players were bad actors. And the people who choose to gamble, well, tough noogies.

But what I do get worked up about is fraud. If Facebook lied, like the mortgage brokers, lenders, foreclosure goons, etc, as in made false statements in their filings, equivalent to committing purjury, then throw that book at them. That's contract law. There's no way for an open market to function well if the players are allowed to lie about legal statements.

(Not that I think Facebook lied. Nor do I care; I'm not an investor. I'm just kinda amused that so many people were fleeced.)

(My snarky response about voters being stoopid is more about the undemocratic impulses of libertarian fruitcakes. People given high quality information make high quality decisions. The remedy for bad decisions is education and patience, not yanking people's rights.)