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Facebook Reaches a $35 Million Settlement for Class-Action Lawsuit Over its 2012 IPO

Business Insider
  • Facebook and CEO Mark Zuckerberg reached a $35 million settlement in a class-action lawsuit brought on by shareholders.
  • The shareholders claimed that Facebook had been hiding concerns about its growth just before the social media company's IPO in May 2012; Facebook shares dipped immediately after, and stayed below the initial $38 per share for a year before rebounding...
Mentions: CEO IPO Facebook