Facebook does not seem so invincible at the moment. Shareholders in the Social Networking giant announced they are filing a lawsuit against the company, majority shareholder and CEO Mark Zuckerberg and various banks including Morgan Stanley. They are claiming that Facebook hid weakened growth forecasts ahead of its $16 billion dollar IPO. Shareholders are accusing [...]
Investors Sue Facebook, Mark Zuckerberg and Banks Over IPO is a post from: The Inquisitr