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Then Reuters reported late Monday that the consumer Internet analyst at lead underwriter Morgan Stanley cut his revenue forecasts for Facebook in the days before the offering, information that may not have reached many investors before the stock was listed.

What a mess!!!

1 posted on 05/22/2012 3:45:34 PM PDT by library user
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To: library user
it's no crime to have a sh!tbox IPO and, unfortunately, incompetence and institutional ham-handedness is not limited to Wall Street.

What is really disturbing about this story is how Big Brother has it in for FB because of the founder's decision to avoid paying them their big tax windfall.

Mark it. They're gonna strong-arm everyone involved -- and granted, there's lots of low-hanging fruit in this comedy of errors -- but they're being singled out.

2 posted on 05/22/2012 3:55:29 PM PDT by the invisib1e hand (they have no god but caesar)
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To: library user

I never trusted Zuckerburg.

Maybe it was the hoodie.


3 posted on 05/22/2012 3:58:41 PM PDT by Fido969
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To: library user

Maybe Morgan Stanley can plead Cherokee.


7 posted on 05/22/2012 5:00:46 PM PDT by muir_redwoods (I like Obamacare because Granny signed the will and I need the cash)
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