Facebook IPO fails to pop on day one in a Rough debut
By: Justin RainsMay 18, 2012The highly anticipated IPO of Facebook Inc. fizzled after the debut of the social networking giant got racked by technical glitches and a sell-off which was market wide clipping off the early gains and it ended the day almost neutral. … Continue reading
Looking into the JPMorgan blunder
By: Justin RainsMay 17, 2012In fresh revelations, some two weeks before his announcement of the trading fiasco, the events leading up to the event has been made public. Jamie Dimon, CEO of JPMorgan Chase & Co., had committed the biggest mistake and the most … Continue reading
GM to unfriend Facebook ahead of the IPO
By: Justin RainsMay 16, 2012A few days before Facebook goes public, General Motors said that they will pull out $10 million from the advertisement business of the social networking giant. Full explanations were not given, with the dollar value being a rounding error for … Continue reading