There is a lot of bad blood, and a lot of finger-pointing. Is it the Nasdaq’s fault, for stumbling out of the gates? Morgan Stanley’s fault, as the IPO engineer? Are secondary markets to blame, for keeping Facebook private so long? peHUB breaks down the potential villains in this clueless game of Clue. It’s like the REM song—“Everybody Hurts”—and, now, that includes the social network, those that enjoyed the ride up on its so-called “halo effect,” bankers and, of course, the shareholders. peHUB breaks down the usual suspects, you can call out villains in the comments section.
Image Credit: Shutterstock.com
Who helped mark Mark’s marks to market? Well, Mark is one suspect. After all, Mark Zuckerberg held Facebook private on secondary markets as its stock price lost trajectory. And the company didn’t do itself any favors leading up to its IPO, in its communication with Morgan Stanley. The decision to bring Facebook public ultimately laid in his hands.
Image Credit: Mark Zuckerberg // Eduardo Munoz of Reuters