Forum Home
PC World Chat
Thread ID: 124854	2012-05-23 16:19:00	Facebook --- It Got Worse.	SurferJoe46 (51)	PC World Chat

Post ID	Timestamp	Content	User
1276953	2012-05-23 16:19:00	Ahem! The biggest and most hyped IPO in tech history is beginning to look like the most troubled . As Facebook's stumbling stock on Tuesday continued to disappoint and even anger investors for the third straight day, critics blasted the company and its underwriters for being greedy in overpricing the initial offering, and federal financial regulators called for a review of the ill-fated IPO . Fallout from Facebook's embarrassing launch unfolded on several fronts, with incredulous investors particularly angered by reports that an analyst at lead underwriter Morgan Stanley had cut his revenue forecast for Facebook just days before the offering but may have shared that information with only a select group of clients, leaving retail investors in the dark . Nasdaq, meanwhile, admitted publicly that it would have pulled the plug on the botched IPO had it known the extent of technical problems in its system that delayed and disrupted trading . "I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate,'' Securities and Exchange Commission Chairman Mary Schapiro told reporters as she left a Senate Banking Committee hearing, "but there are issues that we need to look at specifically with respect to Facebook . " There's more to read at the link . LINK::: . siliconvalley . com/ci_20683687/facebook-ipo-feds-probe-critics-blast-underwriters-stock-continues-fall" target="_blank">www . siliconvalley . com	SurferJoe46 (51)
1276954	2012-05-23 16:26:00	UPDATE - 1 minute later::: Regulators Circling Facebook ::: Facebook IPO: Two Top Financial Regulators To Review Issues Surrounding Initial Public Offering (Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. Investors were still shaking their heads over the botched opening trading of Facebook when 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. LINK::: www.huffingtonpost.com	SurferJoe46 (51)
1276955	2012-05-23 18:56:00	Think there will be a long running probe into the IPO and the spin Morgan Stanley has applied www.telegraph.co.uk	Lawrence (2987)
1276956	2012-05-24 00:39:00	Sorry but I haven't much sympathy for those that bought the IPO shares especially if they thought they could sell them straight away and make a killing. Stupid greedy sods. $38 to me seemed way too much to begin with.	mikebartnz (21)
1276957	2012-05-24 01:02:00	I cant see the issue. No-body was forced to buy these shares. I know nothing about the share market , but the 1st thing I would have looked at was expected returns/dividend. Isnt anything else just speculating in the share market??	1101 (13337)
1276958	2012-05-24 01:11:00	An acquaintance managed to buy a substantial bunch of that stock right at the opening. When asked how he managed that from here, he looked smug and tapped his nose. His brother asked him what he was doing now after the daily plummets. The stock must have turned around, now he taps just above his ear. Bit of a silly thing to mortgage your house for though.	R2x1 (4628)
1276959	2012-05-24 01:19:00	I cant see the issue. No-body was forced to buy these shares. I know nothing about the share market , but the 1st thing I would have looked at was expected returns/dividend. Isnt anything else just speculating in the share market?? Yes but what they are saying is Morgan Stanley revised the forecast returns and might not have told everyone	gary67 (56)
1276960	2012-05-24 01:23:00	From The Wall Street Journal::: Dear Facebook Investor: If you're one of the shareholders suing Facebook Inc. because the social-networking company and its underwriters played favorites about disclosing changes to analysts' forecasts, then you deserve to be compensated for your losses or have your trades wiped out if the allegations turn out to be true. Still, that doesn't mean you aren't an old-fashioned Wall Street sucker. The reason: You didn't have to follow Facebook's initial public offering with the zeal of Robert Caro to recognize there were significant problems. Consider that as Facebook readied its IPO, there was a lot of shifty business: On May 15, the price was boosted to $38 from a range that bottomed at $28. The next day, the offering size swelled by 50 million shares. Then came a disclosure that insiders would sell 53% more shares, or 84 million shares, in the IPO than previously planned. Sure, there still was lots of interest in Facebook's deal. But the warning signs pointed to a big flush: insiders and longtime investors selling out the maximum number of shares at the highest possible price. By itself, maximizing returns in an IPO isn't a big deal. It happens every time. Or it should. Big first-day pops are a sign that companies and their investment bankers left too much money on the table. It's all fine as long as the company has the growth prospects and public interest to at least support the offering price. Sorry, but Facebook didn't have it. LINK::: online.wsj.com od=googlenews_wsj	SurferJoe46 (51)
1276961	2012-05-24 01:42:00	Yes but what they are saying is Morgan Stanley revised the forecast returns and might not have told everyone So? It just requires thought, how would they continue to offer a higher share value all the time? Where does there revenue come from? How can it increase? Then you make up your own mind about it's viability.	pctek (84)
1276962	2012-05-24 01:47:00	So? It just requires thought, how would they continue to offer a higher share value all the time? Where does there revenue come from? How can it increase? Then you make up your own mind about it's viability. I couldn't agree more, I was just answering the question. I'm not likely to buy any I don't even have an account with facefart so why would I buy their shares	gary67 (56)
1 2