New York – Nasdaq Would Have Stopped Facebook IPO

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    Facebook share prices  displayed on screens at  NASDAQ headquarters in Times Square, New York, New York , USA, 18 May 2012.  EPANew York – A senior Nasdaq official told customers after the bell Tuesday that the exchange would’ve pulled the plug on Facebook’s IPO if it had known the extent of technical problems, the Wall Street Journal reported.

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    The exchange “by no means would have gone forward” with the IPO if it had known the problems would disrupt a “normal trading day,” Eric Noll, the head of transaction services at Nasdaq OMX Group, told brokers on a conference call.


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    7 Comments
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    11 years ago

    FACEBOOK should be forced to repay every shmedrick who invested in the IPO!

    My2Cents
    My2Cents
    11 years ago

    Hindsight is 20/20

    11 years ago

    i’m happy i shorted the stock !!

    Liepa
    Liepa
    11 years ago

    Yes, and then Facebook would have every right to sue NASDAQ.

    Member
    11 years ago

    I feel for those who bought facebook stock. So much to invest to make sure that Charlie can post a photograph of his goldfish!