Facebook IPO: did underwriters selectively disclose poor earnings information?


SUBSCRIBE to Next Media Animation: www.youtube.com As Facebook officials were busy hyping the company's $16 billion IPO, the company quietly told its underwriters Morgan Stanley, Goldman Sachs and JPMorgan to scale back 2Q earnings estimates. Facebook: www.facebook.com Webpage: www.nma.tv Twitter @nmatv: twitter.com Tumblr: nmatv.tumblr.com Facebook was concerned increased mobile usage would cut into earnings and the underwriters, who analysts covering the company, were too optimistic about second-quarter earnings prospects. But who did Morgan Stanley, Goldman Sachs and JPMorgan tell about Facebook's warning? Top clients get information first. Of course, smaller investors and those buying shares in the open market never received this information. This selective disclosure provides investors close to the underwriters an advantage small investors don't enjoy. In the three days since Facebook went public, the shares have lost 18%.


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Regulators demand review of Facebook's IPO


As Facebook's share prices continue to fall, US regulators have called for a review of last week's Initial Public Offering (IPO) of the world's largest social networking site. The financial services group Morgan Stanley has been ordered to account for its handling of the sale of Facebook's shares. Of particular concern for regulators at the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FIRA) is a report that the consumer internet analyst at the stock's lead underwriter, Morgan Stanley, cut revenue forecasts for Facebook in the days before the offering, information that may not have reached many investors before the stock was listed. Traders questioning whether the initial share price was realistic to begin with have been further shaken by the company's decreasing value on the NASDAQ. On Friday, the day of the IPO, the firm was valued at over $100bn but that has has been more than decimated, dropping by $16bn in under a week. Al Jazeera's Dominic Kane reports.


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Morgan Stanley Results Top Forecasts


Morgan Stanley swung to a first-quarter loss as the investment bank shouldered heavy losses tied to changes in the value of its debt, but other key measures topped forecasts, David Benoit reports on Markets Hub.


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Morgan Stanley's Banker Bonus Blues


Morgan Stanley bankers will see a significant reduction in bonus payments due to the tough economic climate. The WSJ's Deborah Kan speaks to Alison Tudor


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John Mack on Saving Morgan Stanley, Inside the Bunker


During the depths of the global financial meltdown in September 2008, John Mack faced the most critical moment of his tenure as CEO of Morgan Stanley. The investment bank was nearly out of cash, its stock price was plunging into the single digits and Treasury officials were pressuring him to sell the firm to JPMorgan Chase for a price as low as $1. During a recent Wharton Leadership Lecture, Mack offered an insiders take on his battle to preserve thousands of jobs as well as one of the best-known names on Wall Street.


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World View with Morgan Stanley


Bloomberg UTV meets Morgan Stanley to understand where they see India as an investment destination


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Morgan Stanley Subpoenaed By Massachusetts Over Facebook IPO


"Facebook's IPO has been so far a disaster" Cenk Uygur discussing the slide of Facebook's stock prices since going on the stock market. Cenk also discusses a subpoena from the state of Massachusetts of Morgan Stanley because of potential fraud. Tell us why you think Facebook's stock price has been tumbling downward in the comment section below. Read more here: www.reuters.com Subscribe to The Young Turks: bit.ly Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Facebook: www.facebook.com Twitter: twitter.com


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Can Morgan Stanley & Citi Cut a Deal?


WSJ's David Reilly takes a seat on Mean Street to discuss by which Morgan Stanley would potentially exercise its option to purchase an additional 14% in Citi, of which is currently owns 51%.


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RE: Morgan Stanley vs. Goldman Sachs


Two teddy bear analysts on Zoo Street turn to this time-honoured debate after some drinks.


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Morgan Stanley, You're Breaking My Heart!


Students at Berkeley City College document a Valentine's day action put on by Peralta Colleges staff and students, protesting the high rate of interest charged by Morgan Stanley against Peralta Colleges on a loan taken out by the district.


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Morgan Stanley Rentership Society


Morgan Stanley recenlty released a study that predicts homeownership rates to continue to fall, and rental demand to continue to grow, attracting institutional capital into the housing market. OwnAmerica is a national network of real estate companies that serve as the field infrastructure for the institutional investor who own portfolios of single family homes.


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STOP! Facebook: JP Morgan, Goldman Sachs, and Morgan Stanley AT IT AGAIN?


goo.gl According to Reuters and The Daily Ticker underwriters Morgan Stanley, JP Morgan, and Goldman Sachs "selectively disseminated" "material information." That's like, uh, huge.


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Facebook Fallout - Morgan Stanley Scrutinized


New concerns after Morgan Stanley's handling of Facebook's IPO last week. *More: abcn.ws


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Facebook IPO Triggers Morgan Stanley Subpoena


Facebook's time as a public company is off to a rocky start after NASDAQ experienced software problems the day of the launch, the price-per-share is way down, and investment giant Morgan Stanley's handling of the launch is under investigation. FB IPO partner Morgan Stanley under investigation: online.wsj.com Add TDC to your circles on Google+ plus.google.com Join the conversation on Facebook www.facebook.com Follow The Daily Conversation on Twitter www.twitter.com


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Sights and Sounds from Occupy Morgan Stanley


On Tuesday evening, students gathered in front of the Study to protest a Morgan Stanley information session. An email from the organizers said, "Too many Yalies go into finance, and these institutions do too much harm. Stop the brain drain. We have better options." An alternative information session was held in front of the School of Art with History Professor Jennifer Klein.


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Morgan Stanley 2012 Retail Index Long Short Set Up


www.StockMarketFunding.com Morgan Stanley 2012 Retail Index Long Short Set Up. Year end technical analysis on the 2011 performance of the MS "Retail Index" and how to trade it going into 2012. Please like, share, subscribe & comment! Free Trial Signup http "Stock Market Google...


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Breakingviews: Day two at Davos


Morgan Stanley co-president Paul Taubman talks to Rob Cox and Peter Thal Larsen in Davos about business.


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Breakingviews: Morgan Stanley can thank brokerage, banking


Oct. 19 - Beating expectations and Goldman Sachs, Morgan Stanley's earnings show its brokerage business and investment banking division are in good shape.


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US Day Ahead: Morgan Stanley wraps up big bank earnings


Oct. 18 - Morgan Stanley reports third-quarter earnings before the bell and while Reuters Equities Analyst John Kozey is detecting bullish signals from the investment bank, Wall Street expects a miss.


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Three JP Morgan Executives Expected to Step Down


JP Morgan's Dimon faced increasing pressure after the trading blunder that cost the bank over $2 billion. Three high-ranking executives are expected to leave. Also, chief among firms that could suffer collateral damage: Morgan Stanley and Goldman Sachs. JP Morgan's stumble, along with questions of whether it resulted from the kind of proprietary bets Congress hoped to ban, may blow holes in Wall Street arguments that firms have become less risky since the financial crisis and don't need to be reined in further.


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