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After an uninspired start on Friday, Facebook shares continue to disappoint Monday, falling as much as 12 percent to $33. Upon the company's public debut last week, lead IPO underwriter Morgan Stanley was forced to buy shares themselves to keep them at the starting price of $38, but so far ... More »
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About Face(book) took all of 24 hours. The FaceBook $38/share support freebie courtesy of Morgan Stanley is now gone. As of moments ago the stock was well below its IPO price and sliding. The humiliation for a Zuckerpunched Morgan S... Read Post

Analysts with Morgan Stanley and J.P. Morgan Chase, the two biggest underwriters for Facebook's IPO, cut their price targets on the stock, helping to push shares to new lows. Read Post

Facebook shares fell 11% Monday, after Morgan Stanley and other Wall Street banks ceased propping up the social network’s stock at Friday’s $38 offering price. Although the IPO was a big success for Facebook and its early investors ... Read Post