Facebook sued over IPO; euro hits 22-month low

PUBLISHED ON: May 23, 2012 | Duration: 25 min, 56 sec

   
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Shareholders of the social networking company sued Facebook and underwriter banks such as Morgan Stanley claiming that they hid Facebook's weak growth forecasts ahead of the IPO. The euro on Wednesday extended losses against the US dollar and slid to a 22-month low over Greece's euro exit fears and concerns over the outcome of a European Union summit.
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