Investment Firms Warned Off Facebook IPO In Advance While Small-Timers Lose Big Money

Investment Firms Warned Off Facebook IPO In Advance While Small-Timers Lose Big Money

In the days leading up to last Friday’s initial public offering for Facebook stock, the company raised the IPO price by several dollars a share, leading many small-level and amateur investors to wonder if maybe there was something more to the company than a place to post photos of you and your friends waiting in line to see Men In Black III. But at the same time, large investment firms were reportedly bailing on sinking their money into the social media site. [More]