Morgan Stanley revised its revenue forecast for company, shocking investors and likely contributing to the stock's poor performance, sources tell Reuters.
Once Twitter gets a couple of quarters under its belt as a public company, will we be talking about a stock darling or bete noir?
The social network reportedly wants to raise more than $1 billion before the US holiday, which is just two months away.
The online travel company is reportedly reconsidering when it wants to go public after watching Facebook's poor performance.
Company, which was lead underwriter in Facebook offering, fined $5 million by state of Massachusetts.
Reuters says that regulators plan to look into reports that Morgan Stanley cut its forecast for Facebook just before its IPO.
Another lawsuit claims the social network misled investors by "selectively disclosing" material information about its revenue outlook.
Underwriters of the social network's IPO were instructed to tell major clients they were reducing their revenue forecast for the company, a source tells Business Insider.
Social network is expected to file a motion to consolidate a wave of investor lawsuits, addressing the stock exchange's role in the fumbled offering.
Plaintiff's petition for discovery sought testimony on whether financial data was withheld from the public to determine whether there were grounds for a case.