Facebook’s SEC Approval Delayed and 4 Social Media Stocks Seeing Action

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Facebook, Inc. (NASDAQ:FB): Current price $31.0275

In a ruling dated Jan. 23, posted to the Securities and Exchange Commission website, the commission said  that they “find it appropriate” to further delay their decision to approve or disapprove Nasdaq’s (NASDAQ:NDAQ) accommodation proposal related to the initial public offering of Facebook, Inc.’s stock. The SEC designated March 29 as the deadline to rule on the proposal.

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