WSJ 5/31/12 -
RANCHO PALOS VERDES, Calif.—Wall Street is still reeling from Facebook Inc.’s initial public offering, which left investors with financial losses and dimmed hopes for stocks. Silicon Valley, however, is moving on.
The harsh reception for the landmark IPO was a hot topic at the D: All Things Digital conference, a gathering of high-tech celebrities that kicked off Tuesday night in this resort town south of Los Angeles.
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