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Wall Street, Not Facebook, Bears Most of the Blame for the Company’s IPO Debacle

Who’s at Fault

All the actors in the Facebook IPO debacle look bad, Zachary Karabell writes, but most of the blame should be directed at Morgan Stanley and the other banks that underwrote the stock offering. Plus, Dan Lyons breaks down 7 things to know about the scandal.

articles/2012/05/24/wall-street-not-facebook-bears-most-of-the-blame-for-the-company-s-ipo-debacle/facebook-morgan-stanley-karabell_w050wv
Mark Lennihan / AP Photos

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