Tag Archives | insiders
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Wall Street’s Stench Is All Over Facebook

Facebook’s fiasco of an IPO is turning into a full-scale Wall Street scandal.

  • The Securities and Exchange Commission, the Senate Banking Committee, and Massachusetts’ top securities regulator all have launched investigations.
  • A group of investors has filed the first lawsuit
  • More…

Facebook offices in Palo Alto, California in 2007.

Four Reasons the Facebook IPO Fizzled

Facebook’s much-hyped initial public offering started out with lots of hope, but it ended with a thud. The stock barely closed above the offering price of $38 a share—and only after the underwriters reportedly bought up enough stock to keep … More…

Mark Zuckerberg speaks in 2008

The Big Tax Windfall from the Facebook IPO

Facebook insiders aren’t the only ones who will get big paydays from its historic initial public offering, which prices late Thursday and starts trading Friday.

Uncle Sam and Governor Jerry will have their greedy hands out, demanding their cut.

By … More…