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Home / Columnists / Berko / Another Facebook ‘stupid’ playing the blame game (access required)

Another Facebook ‘stupid’ playing the blame game (access required)

Dear Mr. Berko: I bought 500 shares of Facebook the day it came out and paid $44.25 a share because I didn't have the contacts to buy it at the $38 offering price. Now the stock is $21, and I have a $12,000 loss, which is criminal. I blame the underwriters, who held a huge short ...

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