Facebook has been sued for failing to disclose in the critical days leading up to Friday’s initial public offering “a severe and pronounced reduction” in forecasts for Facebook’s revenue growth. The plaintiffs charge that the changes to the forecast by several underwriters of the IPO were only “selectively disclosed” to a small group of preferred investors and not to the investment community at large.
Read more here: https://news.cnet.com/8301-1023_3-57439918-93/facebook-zuckerberg-sued-over-ipo/
Looks like only those lucky enough to be “friended” get to profit.

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