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Indian-origin investment advisor jailed for Facebook stock fraud

Indian-origin investment advisor jailed for Facebook stock fraud

In 2011 and 2012, Movalia raised more than USD 9 million from 130 investors by falsely claiming to have access to pre-initial public offering shares of Facebook.

Facebook defeats shareholder litigation over IPO

A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot be sued by shareholders who said the social media company concealed threats to its growth prospects before its May 2012 initial public offering.

Alibaba IPO legal fees dwarf Facebook's IPO

Alibaba Group Holding Ltd disclosed on Friday that it would pay USD15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.

Facebook says SEC's IPO probe ends, extending WhatsApp closing date

Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering.

Nasdaq to compensate firms on Dec. 31 for botched Facebook IPO

Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc`sbotched May 2012 initial public offering, the exchange operator said in a note to traders on Friday.

Facebook, Zuckerberg, banks must face lawsuit over IPO

In a decision made public on Wednesday, U.S. District Judge Robert Sweet in Manhattan said investors could pursue claims that Facebook omitted material information from its registration statement.

Facebook shares break $45 for first time since 2012 IPO

Facebook has said it expects sales and user growth for its mobile apps to outpace its desktop website.

Facebook surfing pays off for some investors

Facebook's public offering was one of the most anticipated of 2012, but concerns about whether the company would be able to grow its mobile advertising business helped push down the stock to as low as USD 17.55 last September.

NASDAQ pays record penalty for failures in Facebook IPO

Exchanges have an obligation to ensure their systems, processes, and contingency planning are robust and adequate to manage an IPO without disruption to the market.

NASDAQ to compensate investors affected by Facebook’s IPO

The NASDAQ had said in June that it would pay 40 million dollars, but later increased the amount to 62 million dollars.

SEC may fine Nasdaq $5mn over botched Facebook IPO

Nasdaq was blamed for a number of technical glitches last May that put a damper on the Facebook’s first day of trading.

Morgan Stanley fined $5 million over Facebook IPO

Morgan Stanley, the main underwriter for Facebook's initial public offering (IPO), has agreed to pay USD 5 million to Massachusetts' securities regulators as it was accused of disclosing downgraded revenue forecast only to certain analysts but not main street investors.

Zuckerberg sees fortune shrink by $6.8 bn since botched IPO

The inaugural list of the world’s richest people by Bloomberg Markets Magazine showed that Zuckerberg, 28, is now worth an estimated 10.7 billion dollars.

Zuckerberg disappointed by Facebook stock slump

Facebook Chief Executive Mark Zuckerberg has admitted that the sharp sell off in the company’s shares since its IPO has been ‘disappointing.’

Zuckerberg admits Facebook stock plunge ‘painful’ to watch

Facebook co-founder Mark Zuckerberg has reportedly admitted that the firm’s stock market tumble has been “painful” to watch, while addressing a meeting to boost the morale of his staff.

Facebook shares plunge to half of their flotation price

Shares of social media giant Facebook plunged to a record low of 19 dollars, falling to almost half of the 38 dollar flotation price during its IPO in May.

Zuckerberg loses $600 million as Facebook shares hit record low

With Thursday's selloff, Facebook has lost almost USD 50 billion, or just under half, of its value since its IPO. The stock, which debuted at USD 38, fell as much as 7.1 percent to a all-time low of USD 19.69 before ending the day at USD 19.87.

George Soros invests $10m in Facebook in Q2

According to The Telegraph, shares in Facebook, which was one of the biggest listings in history, and one of the worst performing, have plunged by almost 50 percent from their listing price of 38 dollars per share.

Facebook investors brace for further losses

A flood of shares of about 1.9 billion, four times the current publicly traded number, will be released from "lockup", which could further depress stock prices.

Pre-IPO Facebook investors can sell $6-bn worth shares

These shareholders include some directors and various employees of the social networking giant, but excludes founder and CEO Mark Zuckerberg.