Wow, hopefully this is untrue. If so, a huge class action lawsuit looms on the horizon.
no plus ones
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- The whole IPO show is an opportunity for investors and bankers to make a buttload, future buyers of the stock be damned (and by future, that pretty much means anyone who bought after the IPO) and due to its visibility, Facebook seems to be an egregious example. This was an enlightening read: http://www.guardian.co.uk/commentisfree/joris-luyendijk-banking-blog/2012/may/18/facebook-ipo-banks-roleMay 22, 2012