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Facebook Flip: Fidelity Funds Exit Early

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A year after they first began buying Facebook stock, many Fidelity Investments fund managers are shrinking their stakes in the company.

 

Several brokerages stop taking Facebook IPO orders

Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.

 

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