Facebook Drops Further: SEC Says ‘Issues’ Must Be Examined
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 [...]
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