HONEYMOON OVER: Facebook Opens BELOW IPO Price
Facebook co-founder Mark Zuckerberg, 28, married his longtime girlfriend, Priscilla Chan, in a secret ceremony at their $7 million Palo Alto, CA home on Saturday — one day after his Facebook IPO made him $10 billion dollars richer.
But the Zuckerbergs’ honeymoon is already over.
Just 2 days after Facebook’s Wall Street underwriters scrambled to purchase over 300 million shares to keep Facebook’s IPO afloat at $38, the stock opened 2 percent lower in pre-market trading this morning.
The social network made history with it’s initial public offering on Friday, but Morgan Stanley, Facebook’s chief underwriter, was forced to buy millions of shares to keep the stock at it’s opening price. While that type of stock manipulation may sound illegal, it is perfectly legal according to Wall Street analysts.
Now there are new concerns that Facebook stocks will start trading at below it’s IPO value when the bell rings on Wall Street at 9:30 a.m. If that happens, small time investors who purchased the stock on Friday will lose big.
More from Sandrarose.com:
Video: Trayvon Martin Moments Before He Died
A convenience store video provides a glimpse into the final moments of 17-year-old Trayvon Martin just before he crossed paths with George Zimmerman on Feb. 26, in Sanford, Florida.
The video shows Trayvon purchasing a can of Arizona ice tea and a pack of Skittles at a 7-11 minutes before he was shot and killed by Zimmerman, a neighborhood watchman. Trayvon, wearing a dark gray hoodie and sagging pants, is seen walking to the cooler at the rear of the store and then proceeding to the counter to pay for his purchases.
LIAR! Zimmerman’s Photos Do Not Show Life Or Death Struggle
After months of feet dragging, covers up and outright lies by the Sanford police department and the national media, the photographs of George Zimmerman’s injuries the night he shot 17-year-old Trayvon Martin have finally been released.
The good quality photos show superficial scratches on Zimmerman’s face and on the back of his head. The photos do not prove Zimmerman’s claims that he was in a life and death struggle with the unarmed teenager when he shot and killed him.
Barack, Michelle Obama Talked Divorce
In 2009, one year after Barack Obama was elected president in a landslide victory, I posted these images of the president and the first lady Michelle Obama together. Body language enthusiasts can clearly see the involuntary signals that Michelle was sending at the time. Her closed body position clearly indicates some discord between the two. But when I pointed the signals out to my readers back then, they scoffed at me.
According to author Edward Klein, whose new book “The Amatuer” is about to hit store shelves, the Obamas once talked divorce.
Pastor Marvin Winans Assaulted and Carjacked in Detroit (Video)
Pastor Marvin Winans, who spoke at Whitney Houston’s funeral, was robbed and car jacked in Detroit this afternoon.
The shameful incident ocurred at a Citgo Gas Station at Linwood and Davison in Detroit. Winans, who was not seriously injured, said he went into the gas station to pay for his gas when he saw 10 young men milling around inside. “When I walked in I said this is not a good situation,” Winans told a local ABC affiliate.
He said 4 of the young men followed him outside to the pump where he was assaulted by the youths who stole his purple Infiniti QX56 SUV with license plate 0DRT73.
Detroit Police are searching for the suspects. Winans, 54, suffered a cut on his hand and the youths ripped his pants off of him. “I was indecently exposed,” said Winans, who described the incident as “quite savage.”
Winans said he didn’t think the youths knew who he was, “and if they did, it didn’t make much difference.”
“I’m not going to be afraid of us.. of our sons,” he said.
HOT 97 Listeners Blast Obama for Gay Marriage Stance, Manny Pacquiao Comes Under Fire
HOT 97 (NY) listeners flooded the station with angry calls the day after President Barack Obama endorsed same-sex marriage. A majority of the listeners agreed that Obama’s opinion was clearly politically motivated, and intended to score points with the gay community.
A rumor is going around that Obama met with influential and powerful gay donors at the home of actor George Clooney, where Obama received millions in donations and a promise to deliver gay votes if Obama endorsed same-sex marriage.
Mr. Obama has consistently said he agreed with gay unions, but not same-sex marriage.
According to Fox News, callers to the popular urban station expressed disappointment in Obama, with some saying the president lost their votes.
Ex-cop acquitted of murder, convicted of assault in shooting of ex-girlfriend
Former NYPD beat cop, Ekeythia Dunston, 34, was found innocent of attempted murder in the shooting of her longtime girlfriend Erica LeGall.
The same jury on Monday found the 8-year police veteran guilty of the lesser charge of assault, according to the NY Daily News.
Unlike Florida resident Marissa Alexander who was sentenced to 20 years in prison for discharging a handgun, Dunston faces 25 years in prison for firing at LeGall and hitting her — twice.
Dunston, the niece of former Mets shortstop Shawon Dunston, shot LeGall in the chest and the thigh during a bloody brawl in the couple’s Harlem apartment in 2010.
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