Morgan Stanley and Facebook, more reasons why Wall Street Sucks

Now all the investors who jumped into the Facebook IPO are experiencing buyer’s remorse I suppose:

And others are irked over reports that Morgan Stanley, which guided Facebook through its public debut, told only some select clients of an analyst’s negative report about Facebook before its stock began trading May 18.

What has investing become? It’s more like legalized gambling unfortunately. People don’t invest in a company for the long-term anymore, hoping that it’s growth occurs through a good business model. It’s not that Facebook has a bad business model as it’s built on advertising, but it was priced too high. People would have gotten in at the lower price and probably held the stock for some time hoping to see a ROI much farther down the road–possibly a couple of years.

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