Facebook's bankruptcy debut on the Nasdaq has brought a rain of accusations against the protagonists of the IPO. The social network's shareholders have launched a lawsuit against the company, its CEO Mark Zuckerberg and Morgan Stanley, the bank that handled the placement, together with the other banks that subscribed to the offer. The accusation, as reported by the specialized site Business Insider, is of revealed to only a few privileged investors a substantial reduction in the social network's revenue growth forecasts, contributing to the share's collapse in the first days of trading.
Following the lawsuit, filed in a district court in Manhattan, is the law firm Robbins Geller, the same that had managed to obtain compensation for 7 billion dollars from Enron. Nasdaq is also under fire Omx Group, the company that controls the index on which the social network is listed, accused by a single shareholder for delays in the placement due to technical problems which according to the indictment led to serious losses for investors.
After a disappointing debut day on Wall Street, which ended around the starting price, and the collapse of the stock in the following two days, Facebook got off to a positive start today and rebounds nearly 3%.
