A report from The Wall Street Journal indicates that Morgan Stanley, one of the underwriting banks for Facebook's IPO, tipped off big clients that Facebook's stock was overvalued.
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A class action lawsuit has been filed by shareholders of Facebook against the company and its IPO underwriter Morgan Stanley, claiming Facebook cut its financial estimates without informing everyone.
New rumors have been posted that suggest Facebook could file for its initial public offering as soon as Wednesday, February 1 which could be worth up to $100 billion.
Teenagers spend money on game consoles, movies and music concerts while ignoring newspapers. At least that's what Matthew Robson, a 15 year old intern at Morgan Stanley is saying according to Bloomberg. He was...