Emails: Palantir blames Morgan Stanley for 'blemished' direct listing - Business Insider

This story is available exclusively to Business Insider subscribers.In two emails sent internally this weekend, Palantir Technologies blamed Morgan Stanley for a "failure" which left some employee and alumni shareholders unable to sell their shares when the company made its public debut last Wednesday.

A spokesperson for Shareworks at Morgan Stanley said the issue was a "slowness" which "may have resulted in delayed logins into our system."Palantir placed blame squarely on Morgan Stanley following a glitch in the bank's trading software Shareworks on Wednesday, according two unsigned emails sent to "Palantirians" on Saturday and Sunday, which were obtained by Business Insider.shares during the tech company's direct listing.

Morgan Stanley "intends to 'make people whole' who were affected by the Shareworks failure," Palantir wrote in the email from Saturday. "We have and will continue to put the weight of the company behind protecting our hobbits and helping make sure Morgan Stanley is good to its word," that email reads, referring to employees with a reference to Lord of the Rings.

"The issues that we encountered with Shareworks are very frustrating. And while it was a successful listing it was blemished by Shareworks' failure," that email continues.A spokesperson for Shareworks by Morgan Stanley told Business Insider that it had "experienced slowness that may have resulted in delayed logins into our system."

Here they go... blaming an investment bank for the poor performance of a company's stock when it's never made a profit in 17 years of existence where its core business model is basically just violating human rights. I'm sure it's all the investment banker's fault...

Rare criticism of Morgan's I-bank, they are first class

Now that we finally here, can we talk about how overrated $MS have been as a bank?

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