By Adam Smith, Posted in Facebook News
Facebook Inc. went public Friday on the NASDAQ Stock Exchange at a price of $38 per share. In less than a week, Facebook's stock price has gone down 15% to $32 a share. As if this is not enough to get Facebook executives' blood pressures up, even after a botched NASDAQ IPO debut, Facebook is now being sued.
Facebook, select Facebook executives, and Facebook's IPO underwriters are being sued for supposedly releasing information to only a select few investors. A lawsuit filed on Wednesday seeking class act... read more.