Face-Booked: IPO price drop sparks Zuckerberg & bankster lawsuits

24/05/2012 16:23

The status of Facebook's CEO Mark Zuckerberg isn't looking too good right now - his company is once again facing lawsuits. The social network's market launch on Friday resulted in a sharp share-price nose-dive, with several investors set to take legal action against the company, as well as the banks involved in the flotation.

Margaret Bogenrief, financial analyst talks to RT. She believes Facebook's finances will not be too badly affected by its drop in share price, but says the whole story will eventually burst some flotation bubbles.

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