Thursday, June 21, 2012

Some Morgan Stanley staffers say CNBC's in the Facebook blame game, too

The 'Fast Money' hosts on CNBC gave Facebook chief Mark Zuckerberg a hoodie shout-out.
If Morgan Stanley can take heat for hyping the Facebook IPO in a way that burned mom-and-pop investors, then what about CNBC?

Although the investment banking firm’s handling of the social media site’s disastrous stock offering is under scrutiny by just about every business news outlet under the sun, a Wall Street insider tells us Morgan Stanley’s corporate communications warriors are blaming CNBC for engaging in some pre-IPO hyping of their own....

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