All Posts Tagged Tag: ‘Facebook Shares’

Facebook Stock Plummets Below $27.25

Yes, it is finally here, Facebook stock has fallen below the $28 per share price many investors have been waiting for. Still, more pessimists are saying they’ll wait for it to fall to $10, but I suspect those days won’t arrive. Currently shares of Facebook are trading at $27.20, but they are rapidly falling as I write this. You might …

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Morgan Stanley Praised for Facebook IPO by COO

Morgan Stanley Chairman and Chief Executive, James Gorman is defending the work they did on the Facebook IPO, claiming they played it 100% by the book and that also, he isn’t aware of any dissent regarding Facebook share prices or anything else, as far as the underwriters are concerned. In fact, last Friday, Facebook’s chief operating officer, Sheryl Sandberg called …

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Facebook Stock Dips Below $30 Today

I’m sure the experts are happy to see Facebook shares dip to the $30 range today. In fact, shares hit an all time low of $29.57 earlier this afternoon, signifying that demand isn’t anywhere near what Facebook and its underwriters were hoping for at the time of the IPO’s launch. If you recall, Facebook had a very modest showing on …

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Facebook IPO Pushes Investors off the Stock Market

Sometimes something is just a bad investment, and as time goes on, the shares you purchased in the company just lose more and more value. At other times, as with the Facebook IPO, it is clear that you were swindled. When a big bank like Morgan Stanley suppresses a valuable forecast which they know would certainly stall trading if introduced …

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Fidelity has Confirmed their Client’s Facebook Trades

If you haven’t heard about Facebook’s disastrous IPO debut, I welcome you out of your cave and am happy to give you an update. Essentially, the Nasdaq stock market delayed the 11AM start by as much as thirty minutes while they worked out a computer glitch that left big bank trading desks blind as to who bought what, and at …

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Mark Cuban Informs You About Facebook

Mark Cuban, financial guru, is known for his candid and sometimes contradictory financial (or life) advice. Typically I enjoy his commentary because he likes to cut right to the core of a topic and clear the air of the convoluted bullshit that sometimes surrounds financial arguments. In this case, he swats down some non-sense about what plagued the Facebook IPO …

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Facebook Stock Closes at $32 on Wednesday

Facebook stock is once again closing in the $30 price range at $31.99 as the Nasdaq market closed at 4PM today. It opened at $31.37, rose as high as $32.50, and dipped as low as $31.36. So not a lot of variety there. Of course, the stock prices themselves haven’t really been the news as far as the Facebook IPO …

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Morgan Stanley to Adjust Facebook Prices for Retail Customers

Good news for early Facebook IPO investors who may have been a victim of Nasdaq’s computer communication glitch, Morgan Stanley is reviewing all of the trades that went through on that day. As you remember, trading was delayed by a half hour Friday morning as big bank trading desks attempted to verify who bought what and at what price. The …

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Facebook IPO Scandal: Was the Nasdaq Glitch Real?

Perhaps we are all overreacting to the Facebook/Nasdaq/Morgan Stanley issue by calling it a scandal. But experience has taught many of us a valuable lesson; if it looks like a fish, swims like a fish, and smells like a fish, it’s probably a fish. As we just reported last hour, Investors in New York and California have filed lawsuits against …

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Facebook and IPO Underwriters Sued by Investors

If you thought Facebook was in the news a lot for their patent lawsuits, welcome to IPO litigation. Interested parties are crawling out of the woodwork to contest the bullshit events that surround Facebook’s IPO and everyone involved. As we just reported this morning, the Commonwealth of Massachusetts has subpoenaed documents pertaining to Morgan Stanley’s revised revenue forecast the week …

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Facebook IPO Revised Revenue Report Scandal

Probably not surprising to most of you, big banks, and underwriters of the Facebook IPO deal, had inside information on the company’s inevitably shrinking revenues before trading even began. As we reported yesterday, Morgan Stanley’s financial forecasters issued a revised report early last week detailing an over 6% decline in revenue for the second quarter of 2012. The revisions stems …

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Facebook Closes at $31.12; SEC Examines IPO Issues

Today Facebook shares suffered another day of less than stellar trading. Prices reached a high of $35.59 and dipped to $30.94 at their lowest. The Nasdaq concluded regular trading with the shares at $31.12 and after hours activity reflects a similar price so far. Those who have been keeping track will recall that stock prices climbed to $45 early on …

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