DangDang (DANG) CEO Loses Mind in Twitter Tirade
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After Morgan Stanley (NYSE: MS) price its IPO for a 50% pop, DangDang (NYSE: DANG) CEO Li Guoquing let his feeling be known in an explicit Twitter meltdown, which was responded to by a supposed employee of the bank.
The CEO exploded at Morgan Stanley with these lyrics for a rock song, "You (Morgan Stanley) gave out a valuation of 1-6 billion, but in Hong Kong the opening statements stated only 0.78 billion, stop f**king acting. You f**kers knew first day of launch that valuation would be 2 billion, but you still priced USD 16 per share, which comes to 1.1 billion. My CFO was in panic mode, I held back a breath and silently cursed you motherf**kers.”
A supposed employee at Morgan Stanley responded with explicit remarks that put Guoqing's to shame, but basically told the CEO to go to Goldman Sachs next time.
Morgan Stanley has said that the Twitter account, Big Morgan Lady, does not belong to an employee of the Bank.
DangDang has also tried to diffuse the situation by distancing itself from the situation.
Shares of DangDang are down 6.79 percent to $31.60 in early market movement on Tuesday.
The CEO exploded at Morgan Stanley with these lyrics for a rock song, "You (Morgan Stanley) gave out a valuation of 1-6 billion, but in Hong Kong the opening statements stated only 0.78 billion, stop f**king acting. You f**kers knew first day of launch that valuation would be 2 billion, but you still priced USD 16 per share, which comes to 1.1 billion. My CFO was in panic mode, I held back a breath and silently cursed you motherf**kers.”
A supposed employee at Morgan Stanley responded with explicit remarks that put Guoqing's to shame, but basically told the CEO to go to Goldman Sachs next time.
Morgan Stanley has said that the Twitter account, Big Morgan Lady, does not belong to an employee of the Bank.
DangDang has also tried to diffuse the situation by distancing itself from the situation.
Shares of DangDang are down 6.79 percent to $31.60 in early market movement on Tuesday.
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