It’s been a week since FaceBook’s IPO and nobody is happy. The first issue was obviously the NASDAQ failure to open on time and properly handle the trades. FaceBook itself is facing a class action lawsuit over alleged insider trading (really? already?) with high value customers having a priority on purchases. Lastly, the investors themselves are angered over the significant drop in price since the IPO as poor media coverage and public relations have soured everyone on FaceBook’s commitment to shareholders.
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