Mark Zuckerberg wants investment banks to keep quiet about Facebook's IPO, a report says.
Facebook chief executive Mark Zuckerberg is livid that investment banks have leaked almost all the company information about its initial public offering, a report said Monday.
Now Facebook has sent several emails and phone calls to Morgan Stanley, JPMorgan Chase, Goldman Sachs and other banks involved in the possible $10 billion IPO to stop talking up its stock to clients or leaking information to the media, the New York Post reported.
Although Zuckerberg or Facebook didn't include any direct threats in its communications, it's understood that any bank could easily be dropped from the IPO and miss out on $40 million. And if there's one thing Wall Street understands, it's money. Lead underwriter Morgan Stanley's silence has been swift and others have followed suit.