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Transcripts For CNNW Erin Burnett OutFront 20120524

captions by vitac www.vitac.com i m erin burnett. vultures dive bombing the carcass. just an image. makes me think of the field growing up, dead deer, entrails everywhere, that s what it looks like for facebook. at least three lawsuits filed in connection to the ipo. and plus investigations by the securities and exchange commission and the massachusetts secretary of the commonwealth and of course headlines like these on the front pages. the best went to cnn money. oh, zuck. inside facebook s fumble and the washington post called it a debacle. here s where the stock closed today, at $32 a share. down $10 from where it opened on ipo morning at $42. that means it s lost a quarter of the value since it opened. that s pretty stunning. you say how? how could one of the most anticipated offerings in american history, when i say anticipated in history and the biggest in terms of size in this country s history, one that was supposed to invigorate and make the stock market a pl

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