Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook NEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook "The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst's discussion with certain institutional investors about the revenue prospects for Facebook," a spokesman for Galvin's office said on Tuesday. "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs. ... Regulators probe bank's role in Facebook IPO
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
Zuckerberg Bride, Priscilla Chan, Not Your Usual Billionaire's Wife Just as we thought Facebook CEO and newly minted billionaire Mark Zuckerberg was on top of the world, he surprised even his friends by marrying his college sweetheart, 27-year-old Priscilla Chan, just after he led the company to one of the biggest IPOs in tech history. Zuckerberg has been...
  What Went Wrong With Facebook's IPO? Facebook's initial public offering is off to a less than spectacular start, to put it generously. The stock closed at $31 on its third day Tuesday, down 18% from its initial offer price of $38, which valued the company just above $100 billion. SpaceX: Multimillionaire's Ship in Orbit The SpaceX Falcon rocket launch came off successfully this morning; carrying routine supplies for the International Space Station -- and maybe beginning a new era, in which private enterprise handles missions only NASA could before.
  Robotic fish may soon scan for pollution off the coast of Spain One of the easiest ways to detect otherwise unseen underwater pollution in our lakes and oceans is to monitor the animal life. Sometimes subtle changes in fish population can signal a greater problem that demands immediate attention. Not content to let … Continue reading →
|