
- Facebook IPO Disaster
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Facebook IPO Disaster
Am i the only one who hopes and wish that the shit Fails and all the dumb ass investments crumble ?
As the stock's value continues to drop -- it closed Tuesday at $31, down 8.9% on the day, and down 19% from the IPO price of $38 -- lead underwriter Morgan Stanley (MS) is being attacked for its 11th-hour cut in estimates of Facebook's revenue forecasts. SEC Chairman Mary Schapiro, has claimed that "we need to look at" issues related to the IPO, and analysts are criticizing everyone from Nasdaq to Facebook itself, desperate to find someone to blame.

- Facebook IPO Disaster
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