Facebook’s stock prices have dropped a huge percentage from the initial offering price. Some believed prices would quickly rise and exceed $ 50 per share. Currently, prices sit at $ 31 per share — an 18 percent decrease from the initial offering price. Several news outlets are reporting that an SEC investigation could emerge surrounding Morgan Stanley’s handling of the May 17 IPO. Morgan Stanley cut revenue forecasts for Facebook in the days before the offering, “information that was not disclosed to the market before the stock was listed,” according to Reuters. I do not know much about how the stock market works, but apparently this is frowned upon, to say the least. If you would like to read more about the situation check out the links below. Newsweek/ The Daily Beast New York Times Reuters Bloomberg Businessweek
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Facebook’s stock prices have dropped a huge percentage from the initial offering price.

Some believed prices would quickly rise and exceed $ 50 per share. Currently, prices sit at $ 31 per share — an 18 percent decrease from the initial offering price. Several news outlets are reporting that an SEC investigation could emerge surrounding Morgan Stanley’s handling of the May 17 IPO.

Morgan Stanley cut revenue forecasts for Facebook in the days before the offering, “information that was not disclosed to the market before the stock was listed,” according to Reuters. I do not know much about how the stock market works, but apparently this is frowned upon, to say the least.

If you would like to read more about the situation check out the links below.

Newsweek/ The Daily Beast

New York Times

Reuters

Bloomberg Businessweek

LSU Basketball: A Tiger Win Against Marquette Promises an Impressive Season

By Josh Bergeron for Bleacher Report 

Let me start by getting something off my chest. If the LSU Tigers beat No. 11 Marquette on Monday, they will make the NCAA tournament.

Now that my prediction is out of the way, I believe some explanation is necessary. 

Basketball and LSU do not often go hand-in-hand. Marcus Thornton and Tazmin Mitchell are LSU’s most recent memories of basketball. However, Trent Johnson may have started a basketball revival at LSU. Fans were able to get excited for the first time in years last season with the addition of Ralston Turner, who regularly scored 20 points per game until he was injured.

This year, Johnson added guards Anthony Hickey and John Issac as well as four-star center Johnny O’Bryant. These additions have had an immediate impact and Johnson has already secured another four-star recruit in regard to next year. 

At 7-3 the Tigers are nothing to shake a stick at, but they have not entered the upper echelon of college basketball, yet.

Read the rest on Bleacher Report.