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Facebook Orders Banks To Stop Leaking IPO Details

Posted by Unknown on from the zuckerberg-will-break-your-legs dept.

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."

7 of 110 comments (clear)

  1. Banks reply ... by PPH · · Score: 5, Funny

    ... next time, read our terms of use and privacy controls policy. You didn't override the default public settings in some hard to understand control panel. Better luck next time Zuckerberg.

    --
    Have gnu, will travel.
    1. Re:Banks reply ... by game+kid · · Score: 3, 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

      --
      You can hold down the "B" button for continuous firing.
  2. Oh The Irony by enoz · · Score: 5, Funny

    Sounds like Zuckerberg forgot to change the default privacy settings from public to private.

  3. Opt-out by Anonymous Coward · · Score: 1, Funny

    Maybe Facebook should adjust its privacy settings.

  4. even worst... by acjacinto · · Score: 1, Funny

    disobeying Mark Zuckerberg could mean "unfriending" you on Facebook

  5. Re:Apparently... by Formalin · · 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?

  6. Oh dear by Dunbal · · Score: 3, Funny

    Sorry Zuckerberg, the banks changed their privacy policy. Your information now belongs to them to use or sell as they see fit... sound familiar?

    --
    Seven puppies were harmed during the making of this post.