10/10/2012 10:43 am ET Updated Dec 10, 2012

Facebook Fought SEC To Keep Mobile Risks Hidden Before IPO

A dozen letters, published a month after the May 17 IPO on the SEC's website, depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering. Many of the issues raised by the SEC and now unnerving investors were foreshadowed in the then-private correspondence between the SEC and Facebook.

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