The biggest problem with Facebook Inc. (FB)’s botched IPO isn’t that there was no first-day “pop.” Or that the shares went into free fall over the next few days. It’s what it might do to investor confidence. Facebook’s initial public offering shows how broken the process has become, and

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https://www.bloomberg.com/news/2012-05-24/facebook-ipo-gave-the-market-just-what-it-doesn-t-need.html

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