Saturday, May 19, 2012

Facebook investors left guessing after Nasdaq glitch | The Top News | Only Top News of the Day

Facebook investors left guessing after Nasdaq glitch | The Top News | Only Top News of the Day: "Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for newly issued Facebook shares had really been executed, in the latest of a series high-profile exchange glitches in recent years.
Massive demand for the social networking giant’s initial public offering, which set a trading volume record for U.S. market debuts, led to a 45-minute delay in the start of trading in the stock. But it was what happened after trading started that had some on Wall Street fuming.
The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or “retail,” investors, according to people with direct knowledge of the situation."

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