Facebook Fiasco Claims Another Scalp Remember that time Bob Woodward and Carl Bernstein kept the name of their Watergate informant a secret for decades, thereby providing generations of teenagers an excuse to say “deep throat” in high school classrooms? Good thing no one had email at the time!
According to Business Insider, Citigroup tech analyst Mark Mahaney was recently given the boot. Turns out that one of Mr. Mahaney’s underlings was getting a little too comfy with the press. Looking into the Facebook IPO, Massachusetts investigators stumbled across an email from a junior analyst to two TechCrunch reporters that read, in part, “I am ramping up coverage on FB and thought you guys might like to see how the street is thinking about it (and our estimates).”