The latest mess in Facebook's IPO
In today's show, Facebook shareholders are fuming, Windows Phones need updating and Prime subscribers are streaming:
Facebook and several banks have been slapped with a lawsuit, accused of hiding some details about revenue estimates days before the stock went public. The charge is this: Facebook spoke with select analysts about additional information on revenue expectations than what was disclosed in amended filings. Smaller investors are upset they were left out of the loop, and say they lost money because they didn't know the full picture. But even if Facebook did give extra info to analysts, it's not … Read more
