Skip to main content

"As it happens on wallstreet, someone made a killing" Facebook IPOs.

Image
By




"As it happens on wallstreet, someone made a killing" This is what I have to say after getting to know about the 'Facebook Fiasco'. Actually it's not exactly a fiasco, it's like a regular routine that Morgan Stanley, JP Morgan and Goldman Sachs follow to steal from their investors. In other words, "Morgan style of looting". Now that the shares of Facebook are taking a plunge all of the deep dark secrets are coming out. 



These big banks which practically had created the 2008 financial crisis have now indulged in another small time scam of theirs. Although they have outstanding lawyers who will definitely get them out of this soon but for now they're trying to fix this.The whole world was eagerly waiting for The Facebook, sorry I mean for Facebook to release it's IPOs. The first thirty seconds saw 80 million shares going from one to another. What had happened was that the big banks had come up with some 'special schemes' as everyone got to know about it. Here the general people were buying shares at $40 a share and this rose to $42 a share in no time. Now this was because people like us were told that we can get them at nothing less than $40 and this was what seemed like the 'opening  price'. When people started getting to know that the shares were being sold to them at higher rates, they instantly started complaining. This 'fiasco' or in other words 'well sought out loot plan' was very unclear till Monday and on Monday Nasdaq announced it as a technical error and is still trying to solve it. 



The buyers have started accusing and suing the banks and Facebook for insider trading and most probably these banks are going to come out of it when they'll show a big scheme of events and so called 'policies' they implemented and make their stand extremely legit.



 With investors losing a great amount of money due to delays in trading and various lags this one right now it simply looks like another rabbit from the great hat of these huge banks this time this bunny is going to cost a penny.



Comments

  1. Shail12 June 2012 at 21:46

    As far as I remember the banks and Facebook were sued for Information with holding. Because of the shift of facebook users to mobile devices, the ad revenue that FB once earned has reduced. They did not inform the public of this at the time of the IPO which has caused the problems.

    ReplyDelete
  2. Armaan13 June 2012 at 02:47

    That came out later. After the whole bubble burst in the first week but yes, it did happen but that again is a part of the whole fiasco that took place.

    ReplyDelete

Post a Comment

Popular posts from this blog

The Startup Syndrome (Internet)

By
Disclaimer: This article is not to discourage or malign the ongoing internet based companies or startups. It is an opinion.  'Startup' should actually be the word of this decade. Since the start of this millenia we have seen a new buzz in the youth allover, 'Startup'. With companies ready to invest in ideas which might revolutionize the world and get them some good returns. But we've experienced the biggest wave of these after the current decade started. With the success of ongoing startups as inspiration, more and more individuals and group decided to try their hand at starting something of their own.  "Who wants to work under a boss, when you can be your own boss?" this was what I always heard from some budding entrepreneurs. Some are doing it for the drive, some for the passion, some for the adrenaline rush and some are just doing it because they want to discover. Now out of all of these startups a huge majority is inclined towards one ...
8 comments
Read more

Finding Her. (Inspired by the movie Her)

By
I am in love! I fell in love with the woman who understands me and is just the right one. She knows what I know and what I want her to know, she asks me the right things and knows how I will react to those. She knows when I'm off or excited. She's the one I've been calling each day, the one who's in touch with me, without touching me. She's possessive and yet I have all the space I need. I love her and she loves me, that's kinda all that I need. Who is she? She's my operating system. Yes!Cara, to you is just an operating system, but to me, she's everything! She lives on my system, breathes with me while I go out for runs, schedules my meetings, pays the bills at times, I do it myself as well. She's everywhere. She's on my watch, notifying me that I'm running late, she's on my phone, showing me things I need to go through, things I care about and maybe the most important thing is that she talks to me! Yes! And her voice is music to m...
4 comments
Read more

Four Liners - The Other Set

By
More of the four liners I write, they make sense to me. Do they make sense to you too?🤔🧐 Sand for Glass Can’t wrap my mind around infinity, Forever is a hopeless joke, As sand turns to glass, The soul turns to sand. Pianos and Keyboards Art is the peak of an evolved specie, Creating storms out of dust, I hit the notes on my keyboard, The piano of this generation Rhyming with ick Six bundled up stacks of concrete and brick, Surround you like an illusionists trick, Nothing protects you but the air, Breathe, inhale and disapparate.
Post a Comment
Read more