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Facebook Defending $38 IPO Price

Fri 18 May 12 | 03:49 PM ET
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Facebook Defending $38 IPO Price

Fri 18 May 12 | 03:49 PM ET
David Pearl, Epoch Investment Partners and Jason Thomas, Aspirant, discuss Facebook's first day of trading; and CNBC's Melissa Lee reports Morgan Stanley and JPMorgan, top underwriters of the IPO deal, were heavy on this stock today to defend its $38 level.
 
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