It is in basic terms impossible to have not heard about Facebook's I.P.O. whether you were looking for it, just watching some news on T.V. or popping out in a window on the internet. It has been 8 days since the start of this initial public offer, meaning that for almost 2 business weeks Facebook is pushing stock on the market.
In all this time, we saw a reflection of what any straight headed analyst thought: the release of the stock was overpriced. So now we have people with millions of dollars (or whatever currency you prefer) in loses, all because they were, in lack of better terms, tricked by an over-reaching company. The public perception stays low even with the announcement of an Facebook phone (likely to be named FACEpalmBOOK looking at all this), because it's not that what people think about when a company that you invested in proves to be a pot hole. Morgan Stanley is also taking a huge image slap, and their stock goes down as usual but now in a more accelerated manner thanks to their relation to the above mentioned I.P.O.
There are rumours that the financial service company is trying to pull up the Facebook stock using massive buys at the end of every session and even inside trading is speculated. I wouldn't even be surprised. These are risky and illegal moves that desire to hide behind a bush or a rock,or whatever might be better to use as a cloak of shadows something that we all know; Facebook's I.P.O. was poorly managed, overpriced and full of faults. In so many ways that it might be one of the most tragic I.P.O. that existed.
We'll see how the stock will evolve, or if we are to believe the data, not so much, in the coming days. At least, until the first already announced lawsuit will be launched by investors against the company.
Because what market high-movers hate more that loosing money, is for them to be pictured as clowns.
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