Facebook Inc which went to the initial public offerings at the NASDAQ on Friday had run into rough weather. The investors who had an illusion on the social networking giants have paid in hefty sums and are at cross roads. Many law suits have been flung on the social networking company and on its key underwriter. Morgan Stanley announced in a memo on Wednesday that it is reviewing Facebook trades and would adjust prices for some retail customers who overpaid. The investors claimed that they hid the social networking company's weakened growth forecasts just before it went public.

The allegations also prompted that the top investors profited from the IPO at the expense of small timers. The issue raised speculations as the company founder CEO Mark Zuckerberg stands to take home $ 1.13 billion. Most financial analysts felt that the trading would surge to dizzy levels and at closure the bookmark would be around $50 dollars. That simply meant that the shares would surge by 76 percent.

The initial IPO was for $38 and on Wednesday the price slid down to $32, down by 16 per cent from the IPO price. Shareholders filed a lawsuit against Facebook and the banks behind the company's stock, Morgan Stanley and Goldman Sachs. Concerns about FB long-term money-making potential added to the slow trade. Unofficial sources also feel that the FB might try their luck at New York Stock Exchange after the debacle at the earlier attempt. (With Inputs from Internet- Aarkay)