In Pictures: The 10 worst tech screwups of 2012 (s...
1. The Facebook faceplant
It was the most eagerly anticipated public offering since the Greeks handed the Trojans that big-ass horse -- and the results were about as disastrous for small-time investors. Instead of a return to boom times for high-tech stocks, we witnessed a clusterfrak of epic proportions. Before shares began trading, Nasdaq had a meltdown. After a brief climb, the stock swooned and has yet to recover, trading at two-thirds the initial price as I write this. Why? On its IPO roadshow, Facebook had given information about its prospective mobile revenues (or lack thereof) to the big banks but failed to share it with the investing public. It seems Mark Zuckerberg had customized his Facebook settings to "Share with major institutional investors only."
In Pictures: The 10 worst tech screwups of 2012 (so far)