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More Fallout From Facebook's IPO

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  • Description

    FBN's Shibani Joshi breaks down Facebook's IPO aftermath.

  • Duration 2:21
  • Date

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Well more fallout from Facebook's may have the IPO is a major trading firm has threatened to sue over a losses she body -- -- On lawyers -- -- -- -- I was equally confused right after I was -- news out Barney I thought I had our knowledge DNA that now Obama but I know I'm you know what I'm gonna sit give -- additional I had no we don't have a lot -- I'm Kristen Stewart and email instant it says he just 15 million dollars and that you have to contact me in the next hour and -- -- actually respondents shows up -- I'm not sure even -- -- Smart -- but go ahead.

Anyways so I yet stay on the CNN technology -- in this situation gets.

Worse and worse and worse or FaceBook and everyone involved in this we have and breaking news from Fidelity Investments.

I saying that it's working with thousands of brokerage clients expected by trading plot problems in the FaceBook IPO adding to a growing list of dissatisfied clients.

With the most buzzed about -- hear that we've seen in years now.

On -- dissatisfaction really stems from two specific issues a delay on the NASDAQ in claims and Morgan Stanley and other top brokers out their shared selective information with selective clients.

And that hasn't prevents -- and that has cause a lot of different parties to get involved in this whole aftermath kicking up a huge storm now.

Keep in mind doesn't last for days GSE seen Sandra -- -- they're -- review the execution NASDAQ Morgan Stanley.

And all a big banks really in damage control load.

We know that two congressional panel's ruling will review the issues and then shareholder lawsuits were filed both in new York and California.

Suing everybody under this Sunday in new name at Morgan Stanley Goldman Sachs Barclays Mark Zuckerberg mark on -- and Reed Hastings Peter -- -- -- list goes on -- on an on this situation.

Just really hasn't stopped bleeding -- just yet so we'll continue to monitor.

Of the situation and it's a story that.

It keeps on giving I guess appeared -- -- and does and -- one that you -- usually these IPOs you did individual investor takes such a small part of a deal.

But this one it was about a quarter of the -- -- it's a much bigger deal for those individual absolutely affecting their pockets and their overall livelihood a lot more than that big institutional clients thank you so much Bonnie great stuff Shibani Joshi an hour.

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