Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

It is not possible to trust Wall Street, the whole thing is built on insider trading. They call customers that are not on the inside "dumb money" and unashamedly try to figure out how to take their money.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#5

Post by itsmequinn » Tue, May 22, 2012, 2:59 PM UTC

maybird wrote: post #2

I really don't want to mentally lump Facebook with Groupon. I hope we hear an official statement about this from Facebook.

I think it's one thing for the bank handling the IPO to cut revenue estimates and another thing to have to restate actual earnings because of a material weakness in your accounting practices.

Granted, this is a bit shady, but bankers are a bit shady. A company that is shady with their earnings is what would be really worrying.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#6

Post by larrys » Tue, May 22, 2012, 3:00 PM UTC

And the domain "facebooksuit.com" was just registered:

Domain Name: FACEBOOKSUIT.COM

   Registrar: GODADDY.COM, LLC

   Whois Server: whois.godaddy.com

   Referral URL: http://registrar.godaddy.com

   Name Server: NS05.DOMAINCONTROL.COM

   Name Server: NS06.DOMAINCONTROL.COM

   Status: clientDeleteProhibited

   Status: clientRenewProhibited

   Status: clientTransferProhibited

   Status: clientUpdateProhibited

   Updated Date: 22-may-2012

   Creation Date: 22-may-2012

   Expiration Date: 22-may-2014

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#7

Post by vijayr » Tue, May 22, 2012, 3:04 PM UTC

guelo wrote: post #4

It is not possible to trust Wall Street, the whole thing is built on insider trading. They call customers that are not on the inside "dumb money" and unashamedly try to figure out how to take their money.

Is it this bad in Europe and Asia? or just in the US? Almost every day we hear banks doing this, banks doing that - most of it is unethical, and many of it probably illegal, yet nothing seems to be happening to them. This is depressing.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#8

Post by drsintoma » Tue, May 22, 2012, 3:07 PM UTC

larrys wrote: post #6

And the domain "facebooksuit.com" was just registered: Domain Name: FACEBOOKSUIT.COM Registrar: GODADDY.COM, LLC Whois Server: whois.godaddy.com Referral URL: http://registrar.godaddy.com Name Server: NS05.DOMAINCONTROL.COM Name Server: NS06.DOMAINCONTROL.COM Status: clientDeleteProhibited Status: clientRenewProhibited Status: clientTransferProhibited Status: clientUpdateProhibited Updated Date: 22-may-2012 Creation…

godaddy? really?

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#9

Post by [deleted] » Tue, May 22, 2012, 3:11 PM UTC

[deleted]

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#10

Post by larrys » Tue, May 22, 2012, 3:12 PM UTC

drsintoma wrote: post #8

larrys wrote: post #6

And the domain "facebooksuit.com" was just registered: Domain Name: FACEBOOKSUIT.COM Registrar: GODADDY.COM, LLC Whois Server: whois.godaddy.com Referral URL: http://registrar.godaddy.com Name Server: NS05.DOMAINCONTROL.COM Name Server: NS06.DOMAINCONTROL.COM Status: clientDeleteProhibited Status: clientRenewProhibited Status: clientTransferProhibited Status: clientUpdateProhibited Updated Date: 22-may-2012 Creation…

godaddy? really?

For anyone interested the actual time registered was:

2012-05-22T14:52:09.0000Z

That's UTC time. So it was 10:52 EDT (NY Time).

This info is only available to registrars (I have no affiliation with godaddy but have access by way of another registrar to this and other info).