Facebook Banks Said to Make $100 Million on ‘Stabilizing’ Stock

May 24th, 2012

*chortle*

Here’s one for your Invisible-Hand-with-Corporate-Logos file folder.

Via: Bloomberg:

Facebook Inc. (FB)’s underwriters for its initial public offering made gains of about $100 million through their work to stabilize the shares in public trading, said a person familiar with the matter.

Related: Facebook IPO

Posted in Economy, Elite | Top Of Page

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