menu
Get a daily delivery of PSFK
Subscribe to get a daily digest of new ideas and discoveries and to find out about upcoming events

Investors Sue Facebook Over IPO, Banks Investigated [Headlines]

Goldman Sachs, Morgan Stanley, and JP Morgan reportedly shared reduced revenue forecasts with big investors, but not the general public, before the company went public on Friday.

Allie Walker

The three banks involved in the Facebook IPO, Goldman Sachs, Morgan Stanley, and JP Morgan, are under federal investigation for possibly releasing negative forecasts for Facebook to big investors, but not the general public, before the company went public on Friday. An investor is also suing Facebook and the Nasdaq Exchange for ‘negligence in handling trades that resulted in losses for traders.’ Guardian

{{post.author_display_name}}
  • {{post.date_formated}}
{{post.author_display_name}}
  • {{post.date_formated}}
Read More Tap to Expand
PSFK Writer {{post.author_display_name}}
  • {{post.date_formated}}
Get a daily delivery of PSFK
TREND REPORT

PSFK Labs Presents
The Future of Connected Life

Live Work Play Better
The New Consumer and Their Journey to Effectiveness, Balance & Personal Growth