Facebook fallout: after the IPO
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Facebook Inc.’s initial public offering has disappointed Wall Street and has drawn investor lawsuits, regulatory scrutiny and calls for congressional hearings.
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Mark Zuckerberg walked away $100 million richer.
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It may be a financial bonanza for investors riding on the coattails of Facebook’s grand initial public offering today, but in social gaming land, few are celebrating.
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NEW YORK -- Facebook Inc. is just hours away from transforming itself into one of America’s largest public companies in a splashy stock market debut that has been the talk of Wall Street.
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Facebook is prepping for its eagerly anticipated $5-billion initial public stock offering, tweaking its site for businesses and advertisers, and possibly facing a lawsuit from Yahoo.
