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.

Topics:  facebook   wall street   regulators   public   insiders   shares   stock   
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  • Morning Links: Facebook Shows Lack of Trust On Wall Street
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    After the debacle of the Facebook IPO, its stock price keeps falling, and the recriminations have begun. Thing One: Welcome To Facebook's Nightmare: The Facebook IPO has quickly turned from a mild embarrassment into a five-alarm nightmare. While hundreds ...
    05/23/2012 - 12:37 am | View Link
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