Morgan Stanley bought 63M Facebook shares ($2.3B) to create a floor around $38
We know it was MS that's supporting them at that psychologically important $38 figure, but that $2.3B figure is just speculation.  Still, I'm sure there are some very nervous traders this weekend over at MS.  Would not be surprised to see a lot of shorts on stocks like Yelp, Zynga as a hedge.What a disaster this IPO was (for the banks, not for facebook).  Though, I'm sure the people at Facebook aren't exactly happy with the way things went and all the (unfair?) negative press / scrutiny that they will receive now.