Reuters reports:
Facebook itself had urged analysts working for some of the 33 underwriters to lower their estimates ahead of the IPO, according to four sources with direct knowledge of the conversations that were held during the week prior to the IPO.
“Facebook changed the numbers. They didn’t forecast their business right and they changed their numbers and told analysts,” said another source at one of the underwriters with knowledge of the situation
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Nielsen: "I just want to thank the President, again." pic.twitter.com/5m8WSU9Xej — TPM Livewire (@TPMLiveWire) April 8, 2019
