Meta Platforms, Inc. (Facebook) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Meta Platforms, Inc. (Facebook)

META 604.67

-2.5%

3:03 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn Petersen who wrote (593)	5/22/2012 11:55:27 PM
From: Kirk ©	Read Replies (1) of 3790

RE: "One of the underwriter's analysts has said he was told by a Facebook financial executive to cut his estimates. According to another source with insight into the Facebook IPO process, until the underwriters' analysts cut their estimates, demand for Facebook's stock among sophisticated institutional investors was high. Once these investors heard about the estimate cut, however, they became more cautious about the IPO." Blodget... wasn't he hammered by the SEC for fraud and banned from managing money for life? Yup.,.... en.wikipedia.org Fraud allegation and settlement In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published. [4] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission. [5] He agreed to a permanent ban from the securities industry and paid a $2 million fine plus a $2 million disgorgement. [6]

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next