Posted Oct. 10, 2012 at 12:53 p.m.
Facebook charts its growth in IPO filing
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New York — A dozen letters, published a month after the May 17 IPO on the SEC's website, depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering. Many of the issues raised by the SEC and now unnerving investors were foreshadowed in the then-private correspondence between the SEC and Facebook....
Facebook fought SEC to keep mobile risks hidden before IPO
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Facebook charts its growth in IPO filing
Image 1 of 2 · Next Image…
New York — A dozen letters, published a month after the May 17 IPO on the SEC's website, depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering. Many of the issues raised by the SEC and now unnerving investors were foreshadowed in the then-private correspondence between the SEC and Facebook....
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“The problem with Facebook is that it’s not a tangible good....” Lantz said..."
That's right - nothing but 'air.'
That's right - nothing but 'air.'
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