
Seen above, the 30-minute chart on Facebook ($FB) since the IPO on Friday. It’s astonishing, a real-time trainwreck where the only thing worse than the price action is the newsflow.
Quick summation: Everybody’s fucked.
The latest:
Facebook drops again as SEC calls for review (Reuters)
Even The Underwriters Were Sick of Facebook By The Time The IPO Priced (Dealbreaker)
Insight: Morgan Stanley cut Facebook estimates just before IPO (Reuters)
SEC and FINRA Drawn Into Facebook Fiasco (Compliance Week)
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