ABC Evening News for Wednesday, May 23, 2012
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(Studio: Bill Weir) The lawsuits brought against Facebook by thousand of investors accusing it of withholding information about the company's value while the elite sold stock for quick profit examined; some Facebook posters quoted. ["Business Insider" CEO Henry BLODGET- says the individual investor is at a disadvantage to professional traders on Wall Street.] [Former Facebook investor Alper AYDINOGLU- says he learned to be more careful.] What the Facebook matter says about fairness and investment banks and information discussed.
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