Posts Tagged "morgan stanley scandal"

Thumbs down: PR crisis for Morgan Stanley, Facebook following scandal

»Posted by on May 23, 2012

Thumbs down: PR crisis for Morgan Stanley, Facebook following scandal

Wow. Who would have thought that just days after the biggest tech IPO in U.S. history we’d be talking scandal and possible insider trading. Lawyers are busy weighing in about legal rules on selective disclosure because they are apparently unclear. Regardless of whether there’s been a violation of securities laws, the very idea of problems with this IPO makes Morgan Stanley and Facebook look bad. Facebook has been dogged by privacy issues. There have been so many accusations that the company harvests too much personal information and uses it in ways that most of us would not be pleased. Ironically, now, Facebook may not have disclosed enough of its own information to the right people. Morgan Stanley got caught up in the subprime mortgage crisis and...

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