Wednesday, May 23, 2012
Gosh, I was so hoping that I could skip FB for awhile but nope, it just can't stop making news.
Morgan Stanley the lead bank on issuing the IPO shares for FB. "Here's what we are going to do..here's how it is going to play, blah, blah, blah." Well, we now know that Morgan Stanley on Friday was calling some of their client privately and saying, "The estimates that FB is going to make in the future are lower than the original projections." That is code for ..."the stocks will probably drop their value soonish." However, they weren't telling everyone--only their selected clients. Rut-ro.
So now there are authorities looking into the mess.
Are any of us surprised? No. Because we know that the IPO launched on a balsamic moon, close to the eclipse and we are in a highly energetic Gemini lunar cycle that was guaranteeing bumps around communication and little lies. For a business like FB that relies on people wanting to connect this is a huge disconnect. If they were smart they would get out in front of this ASAP. Distancing themselves from MorganStanley ---like I said on the IPO chart, partnerships for FB need to be fully vetted. Neptune strikes again.