FACEBOOK SHARES SLIDE
Since the IPO last Friday, Facebook shares have been falling to new lows, wiping out more than $11 billion off the social network’s market value.
Did some investors get the news about the analysts changing their minds about revenue projections – negative news that would have negatively impacted the stock price – but the public at large did not receive the information on the first day of trading?
WSJ’s News Hub questions how the IPO kicked off, who issued research and who told who (above), and as investor complaints grow louder, Paul Vigna talks to reporter Aaron Lucchetti on Markets Hub about what went wrong (below).
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