Today’s first five stories from Eric Bedell’s This Web Day:
- Facebook stock slides for 3rd day
- Facebook shares opened at a low of $32.59 Tuesday morning. A Reuters report says an analyst for lead underwriter Morgan Stanley cut his revenue forecast.
- Regulators may review bank’s Facebook allegations, report says
- Reuters says that regulators might probe reports that Morgan Stanley cut its forecast for Facebook just before its IPO.
- Facebook IPO: banks investigated for allegedly keeping negative news secret
- Morgan Stanley, JP Morgan and Goldman Sachs are said to have shared with big investors while keeping public in the dark
- Here’s how wrong all the Facebook predictions were
- Facebook’s busted IPO is so last week’s news now. We’ve now become so used to it, everyone’s taken to slagging it on Twitter and in the blogosphere.
- 5 signs Facebook hates its shareholders
- The social networking giant’s public debut has been rocky — and not just because of technical glitches and a plummeting price.
I don’t closely follow IPO’s, but I cannot remember the market and media turning on an initial public offering so quickly. Kicking the 800-pound billionaire gorilla may be entertaining, but this reaction bodes ill for other tech IPO’s in the pipeline.