Nasdaq

Barton Biggs, The Man Who Predicted The Dot-Com Bust Dies At Age 79

Submitted by News Desk 2 on Mon, 07/16/2012 - 12:03

The man who predicted the Dot-Com bust three years earlier, Barton Biggs, has died. At the time, he worked for Morgan Stanely and was their chief global strategist. He his prediction, he said the stocks of many of the tech companies were too expensive and would fail.

The market however, did not head his warnings and stocks for silicon valley tech companies continue their climb up until eventually failing in a dramatic failure that wiped many investors out.

Biggs died after a short illness according to a Morgan Stanely statement.

Facebook Continues Downward Slide On Nasdaq; Investigators Look Into Banks And Facebook For Wrongdoing

Submitted by News Desk 2 on Wed, 05/23/2012 - 12:21

Lawsuits have been filed by shareholders against Facebook, Mark Zuckerberg and Morgan Stanley claiming they hid information that would cause the stock to be worth less than the IPO, the 19 page suit was filed Wednesday morning in the U.S. District Court in Manhattan by the Brian Roffe Profit Sharing Plan, Jacob Salzmann and Dannis Palkon.

Facebook Stock Continues To Slide Down As Most Think It Was Overvalued

Submitted by News Desk 2 on Mon, 05/21/2012 - 17:43

New York City -

Shares of Facebook slide again today, down to $34.03, or 11%, from its opening of $38 per share during its recent IPO. Even has Facebook was preparing for its IPO, there were considerable concerns that it was overvalued, with GM recently pulling all of its advertising with the social media giant citing poor returns on ad investment with Facebook saying it was "ineffective."