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Zuckerberg Bombshell: Did Facebook Bankers Quietly Slash Forecasts Before IPO?

In the wake of a disastrous stock offering comes what looks like a huge scandal. By Dan Lyons.

articles/2012/05/22/zuckerberg-bombshell-did-facebook-bankers-secretly-slash-forecasts-before-ipo/lyons-facebook-scandal-topbox_ijjx25
Richard Drew / AP Photo

Two days after a disastrous initial public offering, shares in Facebook are collapsing. They’re down to $33, well below the IPO price of $38.

That makes sense since, at $38, the shares were wildly overpriced, valuing

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