Facebook IPO: From ‘Like’ to ‘Unlike’

Neeraj Gangal
Yahoo! India News
27 November 2012

In May this year Facebook went public with its much awaited Initial Public Offering. It was the biggest IPO in internet history, with a peak market capitalization of over $ 104 billion.

Facebook's long-anticipated initial public offering was ultimately plagued by a series of problems. Nasdaq, suffered a computer malfunction during the first hours of the IPO, leading to tens of millions of dollars in trades being wrongly placed. There were also claims of an initial price being too high. The stock lost over a quarter of its value in less than a month and went on to less than half its IPO value in three months.

A group of Facebook shareholders filed a lawsuit, alleging that important information about Facebook's financial outlook was "selectively disclosed" to big banks ahead of the IPO.

A widow has now sued Morgan Stanley for $1.9m as she blames bank for losing her life savings in Facebook IPO.

What to read next

She's With Us, That's Why #ImWithHer.

Hillary is fighting for all Ameircans. Join her campaign today if you have her back.

Veterans Can Get Great Rates With A Refinance

You could save big by reducing your rate with a VA home refinance. Compare quotes and take advantage of your benefits!

You'll Love This Disney Movie Club Offer!

Get 4 Disney Movies For $1 With Membership. See Details. Exclusive Titles, Merchandise, Offers & Discounts. Plus, Free Shipping On Your Initial Order!

Flatten Abs with These 13 Exercises

Click here to learn your “Tummy Type” with the help of fitness maven Denise Austin.

Banks "Outraged" by Brilliant Home Payoff Method

Before you pay your next mortgage you should see this. Millions of homeowners are already amazed. If your bank knew you did this, they'd freak!

This home security system is bizarre—but it works.

Built by the leading engineers in the country with revolutionary wireless technology… Engineered to make your home feel like a fortress...