Answer ALL three discussion questions on the last image.

Case 5.2 Facebook and the Pre-IPO Before Facebook issued its first publicly traded shares (initial primary offering or IPO) on May 2012, it was required to include a prospectus in its filing with the Securities Exchange Com mission (SEC). The prospectus identifies for potential share purchasers the risks that the company has, as well as the risks that could affect the value of the shares going forward The Facebook prospectus identified thirty-eight different risks," including the following