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Facebook Blames Nasdaq Errors For Its Weak Market Debut

yahoo.com (11 months and 5 days ago)

Jun 16, 2012

For the first time, Facebook is acknowledging what went wrong on IPO day and in the days after its lackluster stock market debut. Facebook's fingers are pointing directly at the Nasdaq Stock Exchange. full story

More news

Facebook Costs Hit Nasdaq's Profit

Nasdaq OMX Group's first-quarter earnings fell 51%, hit by the exchange operator's agreement to pay out $62 million to compensate customers for technical errors in Facebook's stock-market debut last year.

wsj.com (27 days ago)

Nasdaq earnings fall on charges related to Facebook IPO

(Reuters) - Nasdaq OMX Group Inc reported on Wednesday a lower first-quarter profit, as the transatlantic exchange operator set aside cash to reimburse firms harmed in Facebook Inc's botched market debut last May.

reuters.com (27 days ago)

Nasdaq Is Still on Hook as SEC Backs Payout for Facebook IPO

The SEC approved Nasdaq's plan to pay customers as much as $62 million for losses stemming from last year's bungled Facebook stock-market debut, but the decision doesn't close the door to future lawsuits.

wsj.com (1 month and 26 days ago)

Nasdaq Cut CEO Bonus Due to Facebook IPO

The board of Nasdaq OMX Group Inc. slashed the bonus of Chief Executive Robert Greifeld following the exchange group's disastrous handling of the Facebook Inc. stock-market debut.

wsj.com (1 month and 9 days ago)

Citi files claim with Nasdaq for compensation from Facebook IPO: sources

NEW YORK (Reuters) - Citigroup has filed a claim with Nasdaq OMX Group to potentially receive compensation for losses associated with Facebook Inc's glitch-ridden market debut last May, according to two people with knowledge of the situation.

reuters.com (1 month and 12 days ago)

Nasdaq to Reimburse Facebook Investors: Should You Expect a Check?

Filed under: Facebook, Market News, Stock Exchanges, NASDAQGetty Images Finally, we have a deal. After months of waiting, the SEC has approved a Nasdaq OMX Group (NDAQ) proposal to create a $62 million fund for compensating those who lost money due to trading errors during Facebook's (FB) troubled IPO. Who gets the cash? See if you can decipher this byzantine language, taken...

dailyfinance.com (1 month and 26 days ago)

Facebook Blames Nasdaq Errors For Its Weak Market Debut

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