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Thursday, May 24, 2012

Facebook stock plummets, WHO benefits?



Wall Street insiders once again got top-notch information...and individuals got the shaft.   

Almost four years after the financial crisis, Wall Street still can't get it right.

Shareholders filed at least two lawsuits against Facebook and Morgan Stanley, the bank that shepherded the IPO, over reports that it withheld negative analyst reports about Facebook from some clients before the company went public.



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