Who is to blame for Facebook Inc. (FB)’s initial public offering? Is it Mark Zuckerberg, Facebook’s founder and chief executive officer? Someone else at the social- networking website? Morgan Stanley (MS), the bank that led the deal? Nasdaq, which botched the stock’s early trading?
If you lost money on Facebook shares, which have given up about half their value since the company’s IPO, the answer is: none of these.
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