Skip to content

Comment on Facebook’s Debut Marred by Trading Glitches

Comments

What I've heard (from a friend at MS) is that the initial delay was due to the underwriters convincing larger funds not to just dump all their shares at the open ...

Can you provide more detail about your source?

Friend works for MS. (updated parent)

For programmers, "MS" auto expands to Microsoft. I'm guessing you meant "Morgan Stanley" instead? Took me a minute or 2 to guess that.

Sorry about that -- I mentally associate MSFT (the stock symbol) with Microsoft and MS with Morgan Stanley

Glad to see I'm officially not considered a programmer :)

Maybe I'm being really thick here, but what does MS have to do with this?

MS = Morgan Stanley perhaps, the lead underwriter.

Sorry about that, but 'MS' = Morgan Stanley.

Ah, of course. In my line of work 999 times out of a 1000, MS is Microsoft ;-)

The other 0.1% would be multiple sclerosis.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.