Economy - Voice of America: NASDAQ Apologizes for Facebook Stock Snafu

Economy - Voice of America economy-and-business

NASDAQ Apologizes for Facebook Stock Snafu Jun 7th 2012, 18:00 A major U.S. stock exchange is apologizing and offering $40 million in damages for the technology problem that marred the start of stock trading last month in Facebook, the popular Internet social-networking site. The NASDAQ exchange in New York was initially overwhelmed by the large volume of investors wanting to buy and sell the Facebook stock.  It failed to post an accurate price for Facebook shares for half an hour, and many investors said they did not know whether their ... Media files: 9DE9A304-7415-4954-BFD4-C6FB740E33A1_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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