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SEC Review of Facebook Suggests Technical Failures
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Description
FBN’s Peter Barnes on the SEC’s review of Facebook’s IPO.
- Duration 0:56
- Date May 30, 2012
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Transcript
This transcript is automatically generated
Business trade the securities and exchange commission's review of the issues plaguing Facebook's Wall Street debut.
Suggests that it was a technical breakdown vs a -- -- industry rules that's according to Dow Jones.
Dow Jones also reporting the agency is continuing continuing to investigate whether any securities laws or regulations were violated.
Online travel site kayak is reportedly postponing its initial public offering.
Following Facebook's post IPO tumble the Wall Street Journal reporting the timing for the IPO is now uncertain.
Kayaks road -- was expected to begin shortly after the Memorial Day weekend the company filed paperwork eighteen months ago for its IPO.
Meanwhile Morgan.
-- police chief executive defended the company's handling of Facebook's IPO saying the firm expected one followed.
100%.
Of the rules that's the latest from the Fox Business Network giving -- the power for.
