Comment on Facebook IPO flop drawing increased scrutiny

By Andrew Tangel and Stuart Pfeifer, Los Angeles Times, Los Angeles Times: Business
Tue, 05/22/2012 - 9:26pm

Facebook IPO flop drawing increased scrutiny

Regulators wonder whether Wall Street insiders heard data the public did not before stock trading began.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.

 

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