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Facebook sued by shareholders over IPO marketing

Facebook sued by shareholders over IPO marketing Created by MG3 on May 24, 2012

The Facebook IPO has caused quite a stir, although the stock has been met with a tepid response by the market since its debut. The price reached highs of $45, but has slowly dropped below the initial $38 price, currently sitting at $31 at the time of writing. Shareholders don’t seem to be happy either, as Reuters reports that Zuckerberg and several banks have been sued over misleading financial forecasts. »read more

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