Another area of scrutiny was Facebook’s $1 billion purchase of photo-sharing app Instagram.
Yesterday, Facebook’s legal team fired its first response to all the lawsuits from investors who bought shares above the initial price of $38. Shares were trading yesterday at $30 after rising 6 percent on the day.
Facebook laid much of the blame on the Nasdaq for its debut dud in a motion filed yesterday.
Also, yesterday Facebook Chief Technology Officer Bret Taylor said he was leaving the company this summer, an exit that stoked fear that post-IPO Facebook could suffer a talent drain.
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Yesterday, Facebook’s legal team fired its first response to all the lawsuits from investors who bought shares above the initial price of $38. Shares were trading yesterday at $30 after rising 6 percent on the day.
Facebook laid much of the blame on the Nasdaq for its debut dud in a motion filed yesterday.
Also, yesterday Facebook Chief Technology Officer Bret Taylor said he was leaving the company this summer, an exit that stoked fear that post-IPO Facebook could suffer a talent drain.
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http://www.mmoxo.com/product/Tera.html
http://www.mmoxo.com/product/12sky2.html
http://www.mmoxo.com/product/4Story.html
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