dude, are you kidding me?

 

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:

EXCLUSIVE Q&A: Hedge Funder Who Bet $100 Million On The Facebook IPO Just Called And Boy Was He Furious (Business Insider)

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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