Despite the technical issues that marred Facebook’s May 18 initial public offering, the social network will continue to list its shares on the Nasdaq exchange, according to reports.
Facebook Won’t Exchange Exchanges; To Remain On Nasdaq
Nasdaq
Nasdaq’s Robert Greifeld Blames ‘Arrogance,’ ‘Overconfidence’ For Facebook IPO Issues
Nasdaq Chief Executive Robert Greifeld blamed the technical issues that affected Facebook’s initial public offering on “arrogance” and “overconfidence” while speaking at a conference of corporate directors at Stanford University’s Law School Sunday.
Facebook IPO Aftermath: Nasdaq-FINRA Relationship Faces Scrutiny
Nasdaq continues to catch heat for its role in Facebook’s troubled initial public offering, but the glare is starting to shine on the Financial Industry Regulatory Authority, as well.
Defense Strategy Of Facebook, Underwriters: Consolidate Lawsuits, Blame Nasdaq
Facebook will reportedly file a motion, as early as Friday, to consolidate all of the lawsuits against the company related to its troubled initial public offering, and the motion is expected to include lead underwriters Morgan Stanley, Goldman Sachs, and J.P. Morgan.
Zynga Shares Tumble, Traders Say Fewer People Gaming On Facebook
Social gaming company Zynga, which opened in December at $10 per share, has seen its stock fall below $5 for the first time, as traders believe fewer people are playing games on Facebook.
Nasdaq Catches Flak For Proposal To Remedy Facebook IPO Issues
Nasdaq’s proposal to compensate traders and investors affected by its technical issues with Facebook’s initial public offering is already meeting resistance in the financial community.
Report: Nasdaq Proposes $40M Payout To Firms Affected By Facebook IPO Snafus
It’s more than the $13.7 million Nasdaq originally proposed, but far less than the $100 million-plus traders and investors claimed they lost due to the exchange’s handling of Facebook’s initial public offering: Nasdaq filed plans with the Securities and Exchange Commission Wednesday detailing a one-time payout of some $40 million to compensate affected firms, according to published reports.
Report: Nasdaq To File Plan With SEC Wednesday On Compensation After Facebook IPO Glitch
The embattled Nasdaq stock exchange will make its initial filing with the Securities and Exchange Commission Wednesday regarding steps it will take to compensate investors who lost money on Facebook’s initial public offering due to technical issues, according to reports.
Morgan Stanley CEO James Gorman To Worried Facebook Buyers: ‘We Are On Day Eight Here’
Morgan Stanley Chairman and Chief Executive Officer James Gorman appeared on CNBC’s “Closing Bell with Maria Bartiromo” Thursday afternoon, reiterating that his company did nothing improper in the run-up to Facebook’s initial public offering and urging patience with the social network’s slumping stock, saying, “The story isn’t over. Again, we are at day eight here. Give this a little bit of time.”
Mary Meeker: Facebook IPO A ‘Financial Tsunami’
Kleiner Perkins Caufield & Byers Partner Mary Meeker pinned most of the blame for the poor performance of Facebook’s initial public offering on the technical issues experienced by Nasdaq, calling the IPO a “financial tsunami” while speaking at AllThingsD’s D10 Conference Wednesday.
