The Most Talked About Business Moves of 2012

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Facebook IPO Blunder

For investors and the tech industry, there wasn’t much to like about Facebook’s feverishly anticipated IPO in May. The offering experienced technical, tactical, and ultimately, legal problems: by August the company’s stock had lost more than half its value. (More recently, the price has risen, reflecting--among other things--Facebook’s improved prospects for mobile.) That debacle gave other IPO-eager companies the jitters and prompted the SEC to review some of its rules.