Facebook Orders Banks To Stop Leaking IPO Details 110
redletterdave writes "In the weeks leading up to Facebook's massive $100 billion initial public offering, Mark Zuckerberg reportedly told JPMorgan Chase, Morgan Stanley, Goldman Sachs and the other banks involved in the IPO to stop leaking information to the media. Zuckerberg was reportedly unhappy that the banks leaked details about his company's Wall Street debut, including the Feb. 1 date it chose to file its S-1 paperwork with the SEC. Facebook execs are also miffed about the subtle rivalry between Morgan Stanley and Goldman Sachs, which were jockeying to become the lead underwriter for the IPO, the largest since Google's $1.7 billion offering in 2004. The banks are heeding Zuckerberg's warning, urging their employees to keep quiet about Facebook's filing, because disobeying Zuckerberg's wishes could mean getting dropped from one of the most lucrative IPOs in recent memory. The banks stand to make $40 million from their deals with Facebook."
Banks reply ... (Score:5, Funny)
Oh The Irony (Score:5, Funny)
Sounds like Zuckerberg forgot to change the default privacy settings from public to private.
Opt-out (Score:1, Funny)
Maybe Facebook should adjust its privacy settings.
even worst... (Score:1, Funny)
Re:Apparently... (Score:5, Funny)
The banks posted it on facebook, and thought they had done so privately. Apparently not. I guess that 'no privacy' sword cuts both ways, eh zuckerberg?
Re:Banks reply ... (Score:4, Funny)
If you do that again, I swear I'll try to remove you from the public offering but use the wrong page and just hide you from it instead!
--Mark Zuckerberg, a.k.a BiZ MARKie
Oh dear (Score:4, Funny)