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May 23, 2012
Facebook and Banks Sued

As of today, Facebook (FB) shares have fallen roughly 18.4 percent from their $38 IPO price, within the first three days of trading, reducing the value of stock sold in the IPO by more than $2.9 billion. It was announced that Facebook, Inc., Facebook Chief Executive Officer Mark Zuckerberg, and the banks, including Morgan Stanley, are being sued by shareholders,  […]

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