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"Facebook Debacle" Will This Continue?

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.