Mark refused to attend Jerry Williams' funeral because of the quarrel, which angered Donald even more.

In fact, it is not that Mark intends to provoke Donald, but that he is not perverted to the point of killing his people to attend his funeral, and now Mark believes in fate, people are doing, and the sky is watching, and there will be retribution in life, not that there is no retribution, but that the time has not come.

Jerry is recognized as the political spokesperson of Mark and the MM Group, and now his reputation is so bad that if he stands for it, he is afraid that he will attract public outrage and attract boycotts.

Even Meghan, the prospective daughter-in-law, voted in favor, which shows the seriousness of the situation.

Mark donated 200 million funds to the region from the foundation he controlled to buy anti-cancer drugs for the vast number of cancer victims in the region, and this news came out, which made their image better, Bi Jing, when the war broke out, there was no MM Group, no one blamed them for all this, but if they themselves stood up for Jerry, it would be a different matter.

Even Meghan went to the funeral with Donald's girlfriend, not MM as the co-chairman of the board.

Water can carry a boat, but it can also capsize a boat, and MM is not strong enough to ignore public opinion.

This News Corp is stronger than MM, but a "buggate" will devastate their vitality, and they have been licking their wounds for the past two years.

Donald went on vacation to Europe after the funeral and didn't even attend the Facebook bell.

The once majestic king of social networks is fading out of sight.

However, the long-awaited myth of Facebook did not continue after the listing, it fell on the first day of listing, and the stock price of Facebook still fell unstoppably after 4 trading days, which was undoubtedly salvaged for short-selling institutions, and the previous fanatical investors and new-chasing capital also began to become emotionally disturbed and temporarily left the market.

On May 23, Facebook's stock price closed at the $32 mark, after two trading days, and Facebook's stock price hovered at $31 during that trading day.

At this troubling moment, what was even more unexpected was that retail investors sued Facebook and several major underwriters also exposed negative news on the same day, but fortunately, this situation did not have a serious impact on Facebook's stock price.

As of the close of trading on the afternoon of May 23, the stock trading volume of the day was 73.21 million lots, only 72% of the previous trading day, and only 43% compared to the 21st, and the madness of 579 million lots on the first trading day has gone away.

Industry insiders said that retail investors who want to make short-term profits have sold off all their stocks, and the shorting of short-selling institutions has basically been completed. This can be attributed to Facebook's board of directors choosing to increase the number of IPO shares and expand the proportion of retail investors to list at the highest valuation. Focusing too much on the price of the IPO is a major failure of Facebook's listing, with too many retail investors already getting their own shares in the IPO, and the demand in the market as a whole is not as great as imagined.

The tragedy may close the door to tech IPOs, and it can be said that Facebook's listing is an important sign of the recovery of tech IPOs, but after the $16 billion IPO fiasco, the recovery journey of tech IPOs looks to have become bumpy again. For institutional investors, although they know that the stock market is changing rapidly, the failure of Facebook still makes investors very regretful and depressed.

IPO experts from research institutions said that the failure of Facebook will temporarily freeze the IPO market, and then the entire market will need to stabilize before there will be new progress, which will also make more companies and investors understand that IPO itself is a risk.

Looking at the situation after the IPO of Facebook, the stock price fell by more than 18% in the first three trading days of the listing, and only barely rose 3% on the fourth trading day to return to above $32, but it was still 15% lower than the issue price.

What's even more frustrating for investors is that Facebook has negative news exposed almost every day after the IPO, and the underwriter Morgan Stanley has lowered its revenue forecast for Facebook a few days before the IPO, but such important information is only known to a very small number of large customers. Such a fact sheet does not fully disclose information during the IPO process, and according to the rules of the Securities and Exchange Commission, any listed company must disclose the information to professionals or major customers at the same time.

Morgan Stanley does not seem to be interested in such doubts, and even believes that it has complied with the procedures and complied with the regulatory authorities in the process of the Facebook IPO, and the practice of only disclosing important information to large customers has obviously made the market alarm bell ringing again, many retail investors have become wronged and paid the price, while a small number of so-called important customers can get inside information.

Previously, many people hoped that Facebook's listing would boost the entire IPO market, but now that this idea has been shattered, and several Wall Street companies are now temporarily postponing IPO deals, citing poor market conditions.

After 10 years of hard work after the bursting of the dot-com bubble, the technology industry in the United States has only restarted its IPO, but the failure of Facebook will close the door again, and we can even think that the failure of Facebook has closed the door to the IPO of the technology industry again.

At this critical juncture, at the request of the Board of Directors, several major shareholders gathered together to discuss the plan.

Everyone elected Mark to preside, but they just wanted to hear Mark's opinion from the Hand of God.

Mark said: "It seems that we need to be more aware of the listing of Facebook, the feast for investors is not the success of Facebook itself, the IPO is just a new starting point for Facebook, and more new results and elements are needed after Facebook to attract potential investors." According to Facebook's IPO filings, the company's revenue in fiscal 2009 was $3.71 billion and net profit was $1 billion, although advertising revenue remains Facebook's main source of revenue. ”

"That's exactly what we're asking for, as the market research company released data showing that Facebook's share of the display advertising market increased to 27.9% in the first quarter of 2010, compared to 21% in the previous year, while Yahoo only had an 11% share of the market, but this performance does not guarantee that Facebook will be able to overtake Google in the market, and Google has begun to try to launch Google+." In addition, one of the major weaknesses of Facebook is whether its user data is open, and it is still very difficult to protect user privacy and persuade large companies to invest more advertising budgets, and it is not easy to convert the huge number of users into profits, compared to Apple, which can earn tens or even hundreds of dollars from a single user, while Facebook can only earn $1。 ”

Mark patiently listened to this guy's nagging, and he said, "Don't you know that I am the majority shareholder of Pingguo Company? ”

Mark ostensibly became the majority shareholder because MM held 10% of Pingguo's shares, but his family fund or the company he controlled has been building positions and buying, this part is more, close to 12%, but it is scattered in the hands of dozens of companies registered in the Cayman Islands, in fact, it is mainly Mark's lovers, although this Mark is not a member of Pingguo's board of directors, but is definitely the most powerful leader of the company.

Mark's sharp words embarrassed the representative.

Mark said even more ruthlessly: "What do you say about Morgan Stanley's downward revision of Facebook's profit forecast? ”

Mark's words of hatred aroused public outrage, and they blamed Morgan Dansley's representatives.

After the Securities and Exchange Commission (SEC) and other regulatory authorities confirmed their involvement in the investigation of the technical failure of the Nasdaq exchange platform, the voices from the market were again questioned and the lead underwriter Morgan Stanley lowered its Facebook profit forecast before the IPO for implication of suspected illegal operations.

This is a rare "downward revision", and if there is nothing wrong with Facebook's undisguised disclosure and risk warning of major issues in the listing prospectus, then it stands to reason that the lead underwriter Morgan Stanley pointed out in the SEC filing that the rapid shift of users' Internet devices from desktop computers to mobile terminals may lead to a decline in Facebook's advertising revenue.

However, after Facebook has started a roadshow, Morgan Stanley Internet analyst David revealed to the company's institutional investors that it has lowered its earnings forecast for the second quarter of 2010 and its revenue forecast for the whole year of 2010, and this "news of the downward revision" occurred just before the increase in the issue price and the number of shares issued, which can easily make investors in the market wonder, "Could it be that Morgan Stanley is also bearish and long on IPOs?"

Reuters, citing people familiar with the matter, said that **** and Goldman Sachs, both of which are members of the underwriting team, also adjusted their expectations in a filing with the SEC on May 9.

Almost everyone knows that during the IPO roadshow, the main underwriters generally rarely adjust their expectations, or should try to package listed companies to stimulate investor interest, I wonder if it is because Facebook has been showing a hot overbuying market, so there is such a rare thing, or there is really another motive, which led retail investors to take Morgan Stanley to court.

In response to the investigative subpoena issued to Morgan Stanley from the state of Massachusetts, a Morgan Stanley spokesperson denied the violation in a public statement, "Morgan Stanley's Facebook IPO proceeds to the exact same procedures as all IPO matters, and the procedures are fully compliant." ”

But he didn't dare to do that to these aggressive shareholders who were ready to choose their own people, saying: "It's a technical glitch, a good thing done by a guy who is dissatisfied with the company, and he has now left." ”

Mark didn't want to let him go easily: "What do you say about everyone's losses? Don't think I don't know, there are many people who are making empty Facebook!"