In this article, facebook’s being attacked on many levels.
Here:
According to Reuters, Facebook shareholders filed suit against the social network and banks including Morgan Stanley on Wednesday in U.S. District Court in Manhattan, alleging the defendants concealed a weakened growth forecast prior to the high-profile IPO.
And then here:
The lawsuit comes a day after a separate civil lawsuit was filed against Facebook, co-founder and CEO Mark Zuckerberg and underwriters alleging violations of securities laws. Nasdaq OMX Group (NDAQ: 21.61, -0.71, -3.18%) was also sued on Tuesday over trading glitches that impacted the Facebook IPO, which raised $16 billion on Friday.
It’s going to be intersting to see how all this plays out.
Frankly, I’m not worried about facebook. I do have this feeling a lot of people want to see them fail. But I don’t think that’s going to happen.