Skip to comments.BOMBSHELL: Facebook Bankers Secretly Cut Forecasts For Company
Posted on 05/22/2012 5:59:24 AM PDT by tired&retired
And now comes some news about the Facebook IPO that buyers deserve to be outraged about. Reuters Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley, JP Morgan, and Goldman Sachs, all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business).
Read more: http://www.businessinsider.com/facebook-bankers-earnings-forecasts-2012-5#ixzz1vbRXNlwU
(Excerpt) Read more at businessinsider.com ...
I guess that depends on who committed fraud and when. Like we will ever find out.
Just like the tech bubble. Think about what Facebook does and how it generates revenue. That should give you an idea of its ‘growth’ potential.
Like most tech companies, the value of Facebook is driven by people’s imagination. Very little behind it. Most people already believe it is a fad.
The web is far to volatile to value anything out 10 years. The pe ratio system completely is completely FUBAR in this case
This is the kind of thing in combination with guilt by association that makes republicans a hard sell. I am very pro-free market, but until some of these bastards are hung in the streets the sheeple will continue to push for socialism (which incidently only empowers scumbags even more). This is a serious problem that the republican party needs to come up with a solution for. Other than Ron Paul the rest of them just sound like [insert bank name] board members. And Ron Paul would get us all killed, so there has to be another option!
It's a fake scandal.
These analysts who make these future estimates are not allowed to receive information that is not in the prospectus.
That's why the prospectus is so damn long, too long for a lot of investors to bother reading.
So if an "analyst" raises or lowers his guess for future earnings, why is that a scandal? These guys are wrong more often than they are right.
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