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   
BING NEWS:
  • Facebook (FB) Stock Flop: What it Means For Other Stocks and IPOs
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  • Morning Links: Facebook Shows Lack of Trust On Wall Street
    Fortune Facebook IPO flop drawing increased scrutiny — LA Times Zuckerberg bombshell: Did Facebook bankers secretly slash forecasts before IPO? — The Daily Beast The Facebook Face-Plant: “Nobody put a gun to their heads” — Jeff Matthews Drachma ...
    05/22/2012 - 9:59 pm | View Link
  • 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 ...
    05/22/2012 - 4:50 pm | View Link
  • Facebook rakes in $16 billion with IPO
    The IPO signals a rapid evolution for the company ... As investors lined up for shares, Facebook raised its price range and increased the size of its offering. The company is offering 421.2 million shares, 25 percent more than originally intended.
    05/17/2012 - 4:59 pm | View Link
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