Nasdaq chief embarrassed by Facebook glitch
Monday 21 May 2012
The chief executive of Nasdaq said the stock exchange is “humbly embarrassed” by its bungling of Facebook's hugely anticipated debut as a public company on Friday.
Robert Greifeld told news media there was no indication the delay contributed to the underwhelming performance of Facebook's stock, which ended at 38.23 US dollars - 23 cents above where it began.
Facebook's stock was expected to start trading at 11am but didn't open until 11.32am, and some investors did not learn for hours whether their orders went through.
Mr Greifeld called the social network's first day of trading "successful".
He said late order cancellations caused a glitch, according to reports. He said Nasdaq's board met on Saturday and plans to change its IPO auction process.
The Securities and Exchange Commission has said it is investigating.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Game of Thrones season 5 trailer: The first full-length look is here
Mia Khalifa: Pornhub star claims Drake sent her 'cringeworthy' naked photos on Instagram
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
Negotiable: Tradewind Recruitment: My client is a two form entry primary schoo...
Negotiable: Tradewind Recruitment: My client is an excellent, large partially ...
£90 - £140 per day: Tradewind Recruitment: I am currently working in partnersh...
£100 - £150 per day: Tradewind Recruitment: Year 3 Teacher Birmingham Jan 2015...