December 6, 2012
What we were expecting: Mark Zuckerberg's social network has us all by the cajones, and we expected a boon for smart investors.
What we got instead: A disaster-plagued IPO, culminating in lawsuits galore. Nasdaq's computer glitch resulted in tens of millions of dollars in misplaced trades, Morgan Stanley overpriced and oversaturated shares, and Facebook execs leaked earnings info. The value of the social network's shares plummeted by more than 50% in one quarter. So much for those employee stock purchase benefits.
-- Molly Chance, Zap2It