05-22-2012, 04:08 PM
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Confirmed User
Join Date: Feb 2002
Posts: 2,527
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BusinessInsider: Large Investors Told of Lower FB Estimates Before IPO
Quote:
The analysts cut their estimates because a Facebook executive told them to, a source tells us.
The information about the estimate cut was then verbally conveyed to sophisticated institutional investors who were considering buying Facebook stock, but not to smaller investors.
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http://www.businessinsider.com/exclu...ook-ipo-2012-5 |
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