Articles Tagged with facebook lawsuit

UBS Suing Nasdaq Over Botched Facebook IPO

Facebook Nasdaq UBS Lawsuit

Nasdaq is once again feeling the sting of its botched handling of the Facebook IPO, this time as the company faces a lawsuit from UBS. The Swiss bank is suing the exchange after losing $356 million. In its lawsuit UBS said: “As a market maker in one of the largest IPOs in US history, we… Read more »

Facebook Settles Sponsored Post “Like” Lawsuit For $10 Million

Facebook Sponsored Stories

Facebook has agreed to settle a “sponsored stories” lawsuit over its “Like” platform by agreeing to a $10 million one-time payment. The lawsuit was filed after Facebook began to retransmit users’ activities to their friends’ pages using the “sponsored stories” ad platform. If a user clicked on a “like” button for a brand their likes… Read more »