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by brisance 5135 days ago
I'm amazed the article didn't mention the lawsuits that are being filed against the lead underwriters Morgan Stanley, Goldman Sachs, JP Morgan etc; according to the claims, some institutional investors got insider info that presumably leaked through the "Chinese wall" that FB was ill-positioned to take advantage of growing mobile ad views and thus would have to lower its earnings guidance for the next quarter.

Then again, the SEC and practically all government agencies are revolving doors with big business so I wouldn't be surprised that all they get is a slap on the wrist.