Facebook Drops Further: SEC Says ‘Issues’ Must Be Examined
Posted on May 22, 2012 at 15:01 PM EDT
Shares of Facebook (FB) have surrendered their early afternoon gains, sinking $2.33, or almost 7%, to $31.70, as talk swirls of an investigation into the IPO roadshow process. Reuters’s Edward Krudy and Ryan Vlastelica this afternoon followed up on a story this morning by their colleague Alistair Barr, who wrote that Morgan Stanley had cut [...]