And now for some more bombshell news about the Facebook IPO... Earlier, we reported that the analysts at Facebook's IPO underwriters had cut their estimates for the company in the middle of the IPO roadshow, a highly unusual and negative event. What we didn't know was why. Now we know. The analysts cut their estimates because a Facebook executive told them to, a source tells us. The information about the estimate cut was then verbally conveyed to sophisticated institutional investors who were considering buying Facebook stock, but not to smaller investors. The estimate cut appears to have influenced the investment decisions of at least some institutional investors, dampening their appetite for Facebook stock, and, crucially, affecting the price at which they were willing to buy ...
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sienrak 202 photos · 178 followers “Shawn toughs it out #grinder” Continue reading →
sienrak 201 photos · 178 followers “Moment of truth for my first @verge feature. Bite down and bear it. #biohacking” Taken at Hot Rod Piercing Co. Continue reading →
