Wednesday, May 23, 2012

Facebook IPO flop drawing increased scrutiny

As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to the public. Morgan Stanley, which led the Wall Street effort to bring...

<A HREF="http://www.latimes.com/business/la-fi-0523-facebook-regrets-2-20120523,0,2596022.story">Read More</A>

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