Facebook Stock Jumps as Analysts Call for Better IPO Rules

Facebook stock closed up for the second day in a row as Facebook's underwriters continued to face heat over whether they gave an unfair advantage to preferred clients. Many average investors lost thousands of dollars betting on Facebook's IPO. A week after the company had the biggest tech IPO in U.S. history, Facebook stock closed up 3.2 percent to $33.03 on the NASDAQ Thursday. Reports that large clients, such as mutual funds and wealthy investors, received a warning about Facebook's muted...Full Story
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