Thursday, August 17, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple is Getting Serious in TV Shows and Film Prospect
Acer's New 4K Projectors Bring the Benefits of Cinema Home
Fiat Chrysler Joins BMW, Intel, Mobileye in Autonomous Driving Team
Kingston Adds Lower 4GB and 8GB Capacities to DataTraveler 2000 Encrypted USB
Intel Ice Lake Architecture Will Find its Way to 10nm+ Chips
CyberLink Launches U Web Communication App for Online Meetings
Samsung Introduces New Portable T5 SSD
Qualcomm Announces Depth-Sensing Camera Technology Designed for Android Devices
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 23, 2012
Facebook, Morgan Stanley Accused Of Hidding Pre-IPO Analysts' Forecasts


Facebook's sharehodlers sued the social networking network and banks including Morgan Stanley, for hidding hid Facebook's weakened growth forecasts ahead of its initial public offering.

According to the lawsuit filed in U.S. District Court in Manhattan on Wednesday, Facebook's sharehodlers accuse the defendants of concealing from investors during the IPO marketing process a reduction in revenue growth forecasts, resulting from increased use of its app or website through mobile devices. This resulted to a decline in the value of Facebook's common stock, resulting to and damages to plaintiffs, the lawsuit says.

Facebook went public last week. Its shares fell 18.4 percent from their $38 IPO price in the first three days of trading, reducing the value of stock sold in the IPO by more than $2.9 billion.


Previous
Next
Rovio Introduces Angry Birds Friends Facebook Game        All News        Amazon Adds Paramount Pictures Movies To Prime Instant Video
HP Cuts 27,000 jobs, Eyes $3 billion Savings To Spend On Research     General Computing News      DoJ Website Possibly Hacked By Anonymous

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Marketplace Expands to Europe
Facebook Tests The Waters in China With Unbranded Software App
Facebook Introduces New 'Watch' Video Service
Facebook to Take New Fake News Measures
Facebook News Feed to Prioritize Stories That Link to Faster Webpages
Facebook has more that 2 billion users, profit and revenue soar
Live from Facebook Spaces Lets You Share VR with Friends
Ads Heading to Facebook Messenger Globally
Facebook to build housing in Silicon Valley
Facebook's Internet Drone Lands Successfully
Facebook Adds New Metrics For Ad Campaigns
Facebook, Microsoft, Twitter and YouTube Team Up To Counter Terrorism

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .