Morgan Stanley Facing Investigation Over Pre-IPO Downgrade of Facebook

Federal regulators are very interested in this morning's report that Morgan Stanley and other underwriting banks shared negative info on Facebook with investors before last week's IPO.

Wall Street ticks higher, Facebook falls again

NEW YORK (Reuters) - Stocks advanced on Tuesday, led by financial shares after a strong read on existing home sales encouraged buying in sectors tied to economic growth. Despite that, gains were capped a day after a huge rally as concerns persisted about the global economic outlook. Another slide by Facebook Inc pressured the Nasdaq. Sales of existing U.S. homes rose sharply in April and a falloff in foreclosures pushed prices higher - welcome signs for investors worried about the strength of the U.S. ...

Facebook shares drop again as SEC, FINRA call for review

(Reuters) - Facebook's shares fell sharply again on Tuesday and two top U.S. financial regulators called for a review of the circumstances surrounding its troubled initial public offering last week. The separate calls for review, by Securities and Exchange Commission Chairman Mary Schapiro and FINRA Chairman Rick Ketchum, added pressure on the company, its underwriters and the Nasdaq, all of which have taken blame for the stock's harried opening and subsequent sharp decline. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares were down 5.9 percent at $32. ...

Facebook IPO Fallout: Four Lessons from a Rocky Public Debut

Exclusive: Regulators may review Morgan Stanley-Facebook allegations

Facebook shares pummeled again

Facebook shares sank further Tuesday even as US markets pushed higher, as analysts blasted underwriters and the company for getting greedy in the most-awaited IPO in years.

Keep calm and tweet: Bulgarians turn to blogs for quake info

Twitter's ubiquitous "Keep calm and tweet on" poster caption acquired new meaning for quake-hit Bulgarians Tuesday.

SEC head says Facebook IPO issues should be reviewed

WASHINGTON (Reuters) - The top securities regulator said on Tuesday that the problems surrounding Facebook's initial public offering should be reviewed, but those issues should not shake investor confidence in the markets. "I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate, but there are issues that we need to look at specifically with respect to Facebook," Securities and Exchange Commission Chairman Mary Schapiro told reporters as she exited a Senate Banking Committee hearing. ...

A Business Story That's Not About Facebook

Where are Facebook's friends? Stock slide deepens

The Big Reason for Facebook's Fizzled IPO: Advertising Pains

As Facebook's stock continues its slump, now trading even lower than yesterday's low, the Internet has reached a consensus on why the IPO of the year isn't performing: Advertising. It's how Facebook makes its dollars. And, it has made a lot of dollars this way. But it's not clear Facebook's very good at it, or will get good enough at it to justify a $38 per share price. Hence the investor worry.

Facebook stock slide deepens on 3rd trading day

Less than 2% ‘Like’ mobile carriers despite millions spent on Facebook campaigns

Less than 2% of mobile carriers’ subscribers “Like” them on Facebook despite the millions of dollars they collectively spend in an effort to promote their services on the world’s most popular social network. Facebook made its initial public offering on Friday and while the company’s stock price dipped below the IPO price of $38 on Monday and continued to slide on Tuesday, Facebook’s offering was the biggest Internet IPO of all time by nearly 10 times. There is no denying that Facebook and the 900 million people who use the social network are of tremendous value to businesses looking to promote their services, but mobile carriers have seemingly not found success thus far as they attempt to bolster Facebook fan counts. According

Morgan Stanley Delivered Bearish Forecast on Facebook Before IPO [REPORT]

Wall St up on banks, housing data; Facebook dips

Facebook Stock Falls Nearly 9 Percent

Ahead of the bell: Facebook

Where are Facebook's friends? Stock down after IPO

Facebook was supposed to soar. Instead, it plunged.

Facebook Tests New Timeline Design [PICS]

OoVoo Makes Facebook Multi-Person Video Hangouts Possible

'Thank You Facebook' Song Will Change Your Life [VIDEO]

Facebook Cracks Top 20 Most-Valuable Brands List

Cannes preview of Tarantino's 'Django Unchained' creates Twitter buzz

Select Cannes Film Festival attendees were treated to an extended preview of Quentin Tarantino's fantasy thriller Django Unchained on Monday night. The film had become the apex of Twitter buzz about Cannes on the morning of May 22.

Today's e-Reads: Has the Facebook Bubble Already Popped?

Twitter index: fans urge Lady Gaga to cancel Jakarta show

Indonesian fans are urging Lady Gaga to cancel her upcoming show in Jakarta over to fears it’s not safe for her to perform in the country.

Wall St rebounds, but investors dump Facebook

Nasdaq seen struggling with aftermath of Facebook IPO

Facebook shares sink 11 percent as reality overtakes hype

(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...

Silicon Valley takes Facebook fizzle in stride

SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...

Nasdaq seen struggling with aftermath of Facebook IPO

NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared with the $387 million in net income it reported last year. The bigger hit to Nasdaq's business is likely to come from the damage done to its reputation by the stumble. ...

Facebook stock slide puts new pressures on company

20 TV Shows With the Most Social Media Buzz This Week

Wall Street rebounds, but investors dump Facebook

NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc . Shares of Apple climbed 5.8 percent to $561.28, leading the Nasdaq to its biggest one-day percentage gain since December 2011. ...

Manage Your Facebook Page From this New App

Google CEO Larry Page on Charlie Rose -- Talks Facebook, Future of Google

Going public: Key developments in Facebook's IPO

Early Facebook mutual fund buyers still in money

Ubisoft’s Ghost Recon comes to Facebook [video]

Facebook, the world’s largest social networking site, is filled with a large selection of social and casual games, such as Draw Something, Words With Friends and FarmVille. While the topic of Facebook gaming is widely discussed, there isn’t much there in the way of titles that would attract the hardcore gaming crowd. Ubisoft is looking to change that, however, with the release of Tom Clancy’s Ghost Recon Commander. The game, unlike its console counterpart, is not a first-person shooter but instead a 2D game with an overhead viewpoint that contains both social and more complex aspects. Players are given the option to invite and team up with their Facebook friends to form alliances and complete a variety of missions. The

Facebook Growing Up, Losing Hype