So, a few days in and Facebook shares have fallen almost 20 per cent from their bloated debut. It now emerges that Morgan Stanley, lead book runner on the IPO, issued a downgraded forecast following Facebook’s own revised filing noting the shift to mobile use would slow down its revenue growth. However, accusations are flying […]

None of the scepticism surrounding the Nasdaq IPO of Facebook, including mine, has diluted the market’s enthusiasm and now the price range has been lifted – valuing the business at about $105 billion – and the amount of stock for sale has been increased 25 per cent, so the company will raise about $17 billion. […]