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(Reuters)   Morgan Stanley cut its outlook for Facebook revenues just days before Morgan Stanley took Facebook public, but only privately warned "major clients." Oops, their bad   (reuters.com ) divider line
    More: Fail, Morgan Stanley, Facebook, IPO, Financial Industry Regulatory Authority, second hand, revenues, customers, investors  
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8815 clicks; posted to Main » on 22 May 2012 at 8:31 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-22 10:02:14 PM  

cig-mkr: If Suck-a-burg had them issue the IPO at $10 there would have been a lot more interest in the stock, but someone was greedy and wanted it all up front. At $10, a lot more "little people" would have invested in the stock.


Or "someone" knows that his platform has limited revenue potential and likely will see a drastic usage decline within 5 years.

Seriously, if internally, Facebook knows the ride will be downhill from here, what better way to capitalize? Tease, tease, tease the IPO for months, get everyone whipped into a frenzy, price it high, make your cash, and the inner circle gradually move on to other interests as you let the service stagnate and circle the drain.
 
2012-05-22 10:03:42 PM  

9beers: madgonad: BS - He took it public because he didn't want to buy out all of the equity investors.

Not true at all, he took it public because he had to. Google is your friend on this one.


Whoops! I went over 500 investors. I could have sold for a billion a few years ago, but now I've got to settle for $100 billion.

People always make excuses. It's society's fault. It's the government's fault. He HAD to. There's never any Personal Responsibility.
www.blogcdn.com
What is it with hoodies and their apologists?
 
2012-05-22 10:06:12 PM  
Didn't Zuck exercise a chunk of his options right off the bat at $38?
 
2012-05-22 10:13:30 PM  
Remember when AOL was such the lock solid player for the future, it simply just purchased Time Warner with some spare cash it had stuffed behind the couch cushions plus the promise of all those subscribers that would never leave?

/good times
 
2012-05-22 10:20:34 PM  
Why would you buy stock in Facebook? Apple makes tangible products and Google generates sales through ads. Facebook, meh.
 
2012-05-22 10:29:22 PM  
So just days before going public. a major underwriter is simultaneously pumping up the IPO and wanring off major clinets. Can you say lawsuit?
 
2012-05-22 10:31:09 PM  
What we are learning from the Stock Market is that things of great value don't necessarily have a dollar value.

Money is obsolete.
 
2012-05-22 10:33:58 PM  
Anyone interested in investing in a Co that depends on the whims of teen-age girls?
 
2012-05-22 10:39:57 PM  

Mock26: Does that make me a bad person?


If you have to ask you are. Trust me on this one.
 
2012-05-22 10:41:35 PM  

Turbo Cojones: Anyone interested in investing in a Co that depends on the whims of teen-age girls?


Only if their whims lean heavily toward s...

hold on, there's someone at the door.
 
2012-05-22 10:41:54 PM  
Wall Street fleecing the flock... Say it isn't so. LOL the FB generation learns one of life's hard lessons... Wall Street is crooked.

SNL even did a skit about it several years back - SNL Explains Wall Street

Just remember...

farm8.staticflickr.com
 
2012-05-22 10:42:51 PM  
FTFA The salesman purchased Facebook stock through a Morgan Stanley adviser, receiving several thousand Facebook shares. "I should have been worried when I got six times the allocation I asked for," he said

haha.jpg A fool and his money...

\how did the fool get the money in the first place?
 
2012-05-22 10:43:37 PM  
And so where are the ignorant schmucks who actually are against Americans exercising their right to protest (occupy wallstreet)? Are they here congratulating the 1% represented by farking morgan stanley?
 
2012-05-22 10:44:41 PM  

Turbo Cojones: Anyone interested in investing in a Co that depends on the whims of teen-age girls?


Maybe but the prospectus had better be filled with lots of high glossy pics of said teen-aged girls
 
2012-05-22 10:45:34 PM  
I wonder if the street artist dude sold all of his shares or held onto some? I probably would have sold half and hung on to the other half. I'd somehow manage on the 100 million or so.
 
2012-05-22 10:51:29 PM  

mikdeetx: FishyFred: mikdeetx: Still no production car but a bright future with the volatile price of oil.

They don't have a production car? They might not mass-produce them, but there are Tesla vehicles on the road.

If I had a zillion dollars, I'd buy one to get around the city.

What you see are hand built cars. Not the assembly line. The price of one is $90K-$120K. When the production vehicles start rolling, they will sticker at $48K. Same as a Lexus or entry-level Mercedes S class.


I'm rooting for you (actually, the company) but that could still go terribly wrong. One of the bigger manufacturers could still steal the market from them.
 
2012-05-22 10:53:04 PM  

relaxitsjustme: FTFA The salesman purchased Facebook stock through a Morgan Stanley adviser, receiving several thousand Facebook shares. "I should have been worried when I got six times the allocation I asked for," he said

haha.jpg A fool and his money...

\how did the fool get the money in the first place?


He's a hedge fund manager - it isn't his money in the first place. But thanks to US tax law, he doesn't have to pay true income tax on it if it earns him money.
 
2012-05-22 11:01:05 PM  
"Thugs like Morgan and Stanley. who won't follow the law, need to be put down." I'm pretty sure that's a quote from someone, but I certainly agree with it.
 
2012-05-22 11:04:40 PM  

Turbo Cojones: Anyone interested in investing in a Co that depends on the whims of teen-age girls?


You mean like videarn and motherless?
/Of so I've heard.
 
2012-05-22 11:23:36 PM  
If you bought into this, you deserve to lose money
 
2012-05-22 11:32:23 PM  
I got in on Aztechnology when it was at ¥85 and got out when it was ¥234, but the Yakuza shook me down for all the NuYen I owed them... easy come, easy go, chummer.
 
2012-05-22 11:32:52 PM  
www.pequepuzzle.com

Go all in on a sandwich-heavy portfolio and you'll recoup your losses.

I don't know how, but you will.
 
2012-05-22 11:57:56 PM  
Kind of supports the theory that poor people are so because they are stupid.
 
2012-05-22 11:58:17 PM  
Pump and dump

http://3.bp.blogspot.com/_oxbuA5BxEEE/TAD4sYs7GGI/AAAAAAAAB5c/hSO_4ux n Lyc/s1600/boiler+room+1.jpg
 
2012-05-23 12:17:28 AM  

mikdeetx: CSB-I bought stock in Tesla, the electric sports car company. At first the stock tanked a little, mainly because they do not have a production vehicle out. I sat it out. Purchased at $23 a share, it's now trading at $30+ and peaked at $36 not long ago. Still no production car but a bright future with the volatile price of oil.

/Also got Qualcom when it was $78 then screamed to $600, sell cap at $480...nice profit before the bubble burst.


Elon Musk just tweeted that crash testing has passed and have a green light for starting production, so you should be seeing some stock bump in the not so distant future.
 
2012-05-23 12:21:32 AM  

crabsno termites: Stock Market: Cheaper than a trip to Vegas, about the same odds.

Time to buy a new mattress and bury some more coffee cans.


It's more like high-stakes baccarat. Your broke ass ain't invited to the table.
 
2012-05-23 12:31:28 AM  
I had a friend that worked there for a while. Now when I see him out in public all he does is raise his arm, point, and screech at me in some sort of unearthly wail the human vocal apparatus is poorly suited to doing.

I hear they have great benefits.
 
2012-05-23 12:37:07 AM  

fusillade762: oukewldave: JohnCarter: No FB for me, all my holdings are in MySpace - it's lurking and will take over soon

Sucker. I've invested in AOL. Their chatrooms are about to take off

You're both suckers. I've still got money in Friendster. It's going to take off any day now.


Haha I have all my chips on E-world. They have "e"-mail.
 
2012-05-23 12:46:46 AM  
How dare you criticize job creators!
 
2012-05-23 12:51:52 AM  
Watch the stock go up tomorrow and then drop like a rock.

Anyone who bought at the ipo price is a complete idiot
 
2012-05-23 05:10:43 AM  
Reconnected with an old flame on FB. We got married in 2010, I win no matter what the stock price goes to.
 
2012-05-23 06:07:19 AM  

EbolaNYC: Reconnected with an old flame on FB. We got married in 2010, I win no matter what the stock price goes to.

Oh sure your sex stock seems great at IPO, just wait until that bubble bursts.
 
2012-05-23 07:24:33 AM  
Meh. You can only sucker the greedy.
 
2012-05-23 08:22:21 AM  

stonicus: [upload.wikimedia.org image 220x329]
Approves.


Wrong use of a meme. Should have said "Likes"
 
2012-05-23 08:24:34 AM  
"At least I still own my Farmville Farm," added Joseph C. Robles.

I've got some bad news for you, Joe.
 
2012-05-23 08:33:19 AM  

HMS_Blinkin: It's like the banks aren't even bothering to pretend they're not evil anymore.


Banks and bankers have never pretended they're not evil. They just haven't realized yet that in the age of the internet you actually have to work to hide that fact.

Although, since a couple million idiots in the deep south and parts of the midwest have been suckered into earnestly believing that what's best for multi millionaire Wall Street investors and megacorporation executives is somehow best for the rust belt bumpkin ass, it's sort of a moot point. You don't need to hide your evil if you can just convince enough slow-witted hicks that it's somehow "job creation".
 
2012-05-23 08:34:59 AM  
So would anybody still like to defend capitalism
 
2012-05-23 08:38:36 AM  

The_Gallant_Gallstone: mikdeetx: CSB-I bought stock in Tesla, the electric sports car company. At first the stock tanked a little, mainly because they do not have a production vehicle out. I sat it out. Purchased at $23 a share, it's now trading at $30+ and peaked at $36 not long ago. Still no production car but a bright future with the volatile price of oil.

/Also got Qualcom when it was $78 then screamed to $600, sell cap at $480...nice profit before the bubble burst.

CSB squared... also got East India Company when it was four-score shillings then screamed to 58 pounds... nice little profit before the bubble burst.


Your stories pale in comparison. I bought these tulip bulbs for a mere pittance of what they were worth but a few dozen decades ago...when the price bounces back it shall be I that is sitting pretty. Not you.
 
2012-05-23 08:42:03 AM  

destardi: And so where are the ignorant schmucks who actually are against Americans exercising their right to protest (occupy wallstreet)? Are they here congratulating the 1% represented by farking morgan stanley?


There are 2 kinds of people who scream about occupy:

1) People who oppose left wing protesters no matter what the cause is.

and

2) People who bought in to the way the media portrayed Occupy, which was to take advantage of the fact anyone can claim to be part of the movement no matter what their cause is.

Nobody who looks at the current situation in a rational and unbiased manner can agree that Occupy is wrong about the key issue; the unholy alliance between government and big business, particularly the financial sector.

Disagreeing with their methods, solutions or tactics is one thing. I do not see how anyone can rationally agree that they are wrong about the root of this problem.
 
2012-05-23 08:42:38 AM  

EbolaNYC: Reconnected with an old flame on FB. We got married in 2010, I win no matter what the stock price goes to.


You'll be cursing Facebook soon enough.
 
2012-05-23 08:44:03 AM  

Warlordtrooper: So would anybody still like to defend capitalism


Depends whose version you want me to defend. The reasonable and well-regulated form that helps to ensure fair and honest competition or the kind we increasingly have where the only goal is maximizing the potential wealth acquisition of any individual player?

Because one is good for sustainability and long term national growth.

The other is really only good for the type of people who work at places like Morgan Stanley.

Sadly, we increasingly have the latter and a lot of people who desperately NEED the former have been convinced to lead a charge for the wrong one....
 
2012-05-23 08:47:08 AM  
This was suppose to be the IPO to show the retail investor that Wall Street had cleaned up its act and was a safe place for all of the baby boomer retirement money that was not lost during the crash.
 
2012-05-23 09:09:11 AM  

some_beer_drinker: sounds legit to me, don't be a pussy. just double down, it will rebound! that's what i always say!


2.bp.blogspot.com

'Greed is good.'
 
2012-05-23 09:20:23 AM  

Yakk: This was suppose to be the IPO to show the retail investor that Wall Street had cleaned up its act and was a safe place for all of the baby boomer retirement money that was not lost during the crash.


Don't care what you wish to show the marks.

Wall Street is a now rigged game and you, the small investor is the chump.
This is news???
 
2012-05-23 09:22:55 AM  
i156.photobucket.com

You gon' eat cho cornbread?

/I keed
//the SEC will issue some ridiculously light slap on the wrist, and Holder will order the DOJ to pretend it never happened
 
2012-05-23 09:23:53 AM  

Warlordtrooper: So would anybody still like to defend capitalism


You mean the theory?

'Cause that is all it is. Has never been done in real life.
Think of it as a primer to set up the chumps.
 
2012-05-23 09:55:11 AM  
But remember folks, the Occupy protestors are just lazy hipsters who don't want to work hard enough to pay for their iPads.

It has nothing to do with things like this.
 
2012-05-23 09:56:21 AM  

JungleBoogie: Saturday Night Live covered this several years ago. (Some) people have short memories.


Holy Shiat. That's awesome.
 
2012-05-23 10:03:01 AM  

bulldg4life: Free markets will work because people have perfect knowledge.

Except when they don't....like all the damn time.


Not perfect, the same. We're about to get a demonstration of what happens to people who violate the disclosure and/or insider trading laws.

Just curious: what sort of system is it that you want if "free markets" don't work? Is there an example of it somewhere that you can point to?
 
2012-05-23 10:20:13 AM  

runwiz: So just days before going public. a major underwriter is simultaneously pumping up the IPO and wanring off major clinets. Can you say lawsuit?


And here it is:

http://marketday.msnbc.msn.com/_news/2012/05/23/11828591-zuckerberg-m o rgan-stanley-sued-over-facebook-ipo?lite
 
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