Day 4. Facebook down to 30.45 on pre-trade - GoFuckYourself.com

AdultKing · 05-23-2012, 03:28 AM

This is getting rather messy.

Surely there will have to be an inquiry into the floating of Facebook with the shares performing so badly.

Has there been another case on the NASDAQ where a company has traded 4 days a row in the red after a float ?

BIGTYMER · 05-23-2012, 03:30 AM

AdultKing · 05-23-2012, 04:23 AM

$30.30 now. Will be interesting to see the open of the market in a couple of hours.

tony286 · 05-23-2012, 04:31 AM

this is interesting
http://www.dailytelegraph.com.au/new...-1226364499488

US REGULATORS will investigate claims that Morgan Stanley shared negative news about Facebook with major clients in the lead up to its initial public offering.

Allegations are flying that the IPO's lead underwriter Morgan Stanley only told its top clients it had reduced its revenue forecast for the tech giant, and did not spread the word to other investors.

The state of Massachusetts has subpoenaed the brokerage firm over its discussions with investors on Facebook.

"The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst's discussion with certain institutional investors about the revenue prospects for Facebook,'' a spokesman for Massachusetts Secretary of Commonwealth William Galvin said.

This comes amid reports that a senior Nasdaq official said that the index would have pulled the plug on Facebook's IPO if it had known the extent of technical problems.

EddyTheDog · 05-23-2012, 04:56 AM

The BBC are also reporting that Zuckerburg is rumored to be selling shares.

Captain Kawaii · 05-23-2012, 04:59 AM

Zuckerberg screwed his friends and partners at Harvard...why not everybody else?

tony286 · 05-23-2012, 05:01 AM

Quote:

Originally Posted by EddyTheDog

The BBC are also reporting that Zuckerburg is rumored to be selling shares.

SAN FRANCISCO (MarketWatch) -- Facebook Inc. (US:fb) Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm plans detailed in a prospectus before Friday's $16 billion IPO. Zuckerberg sold 30.2 million shares at a price of $37.58 for gross proceeds of $1.13 billion; Thiel sold 16.8 million shares for gross proceeds of $633 million. Facebook insiders had told prospective shareholders of their plans in an S-1 filing last week. Facebook (US:fb) shares were down 0.8% after hours at $30.74.

I think he sold when the ipo happened. It's got to suck you work somewhere.You have options worth millions but you got to sit on them for a period of time. And you are sitting there watching the value drop like a rock.

L-Pink · 05-23-2012, 05:20 AM

The fad is over.

.

oscer · 05-23-2012, 05:28 AM

This is probably why they priced it so high ... cause they knew they needed to get as much cash as possible up front

05-23-2012, 03:28 AM	#1
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	Day 4. Facebook down to 30.45 on pre-trade This is getting rather messy. Surely there will have to be an inquiry into the floating of Facebook with the shares performing so badly. Has there been another case on the NASDAQ where a company has traded 4 days a row in the red after a float ?

05-23-2012, 05:28 AM	#9
oscer Confirmed User Industry Role: Join Date: Jan 2001 Location: Baltimore Posts: 2,834	This is probably why they priced it so high ... cause they knew they needed to get as much cash as possible up front __________________ XR Networks Dedicated \| VPS \| Shared Hosting ICQ 42602565

05-23-2012, 03:30 AM	#2
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066

05-23-2012, 04:23 AM	#3
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	$30.30 now. Will be interesting to see the open of the market in a couple of hours.

05-23-2012, 04:31 AM	#4
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	this is interesting http://www.dailytelegraph.com.au/new...-1226364499488 US REGULATORS will investigate claims that Morgan Stanley shared negative news about Facebook with major clients in the lead up to its initial public offering. Allegations are flying that the IPO's lead underwriter Morgan Stanley only told its top clients it had reduced its revenue forecast for the tech giant, and did not spread the word to other investors. The state of Massachusetts has subpoenaed the brokerage firm over its discussions with investors on Facebook. "The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst's discussion with certain institutional investors about the revenue prospects for Facebook,'' a spokesman for Massachusetts Secretary of Commonwealth William Galvin said. This comes amid reports that a senior Nasdaq official said that the index would have pulled the plug on Facebook's IPO if it had known the extent of technical problems.

05-23-2012, 04:56 AM	#5
EddyTheDog Just Doing My Own Thing Industry Role: Join Date: Jan 2011 Location: London, Spain, New Zealand, GFY - Not Croydon... Posts: 25,040	The BBC are also reporting that Zuckerburg is rumored to be selling shares.

05-23-2012, 04:59 AM	#6
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	Zuckerberg screwed his friends and partners at Harvard...why not everybody else?

05-23-2012, 05:20 AM	#8
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	The fad is over. .