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Facebook Facing Trouble With Shareholders

Even as the Facebook IPO failed to reach the dizzying heights it was expected to touch, its new shareholders have sued the company, CEO Mark Zuckerberg and underwriters Morgan Stanley and others. While the offer price of the share was pegged at $38, it was widely expected that the value of the shares would touch anywhere between $50 to $90 per share. Instead, the price barely crossed the $38 level last Friday, and on Monday the share price fell to $34 and slid even further down on Tuesday to as low as $31 per share

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Facebook Facing Trouble With Shareholders

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