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Facebook's horrible IPO
Last Friday the moment was finally there, Facebook went public. On the first day of trading we already saw that the stock price didn't meet the high expectations among many investors.
Now, after a couple of trading days the bad news around Facebook's IPO is piling up. The Nasdaq is sued by investors because of the fact that the trading systems had some technical malfunctions. JPmorgan and Goldman Sachs will be investigated in their role during the IPO. Bankers could have spreader negative information about Facebook among their bigger clients who wanted to buy Facebook shares.
What do you think about this situation. Is Facebook a good investment for the long-term?
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