NASDAQ’s Glitch Cost Facebook Investors ~$500M. It Will Pay Out Just $62M. IPO Elsewhere. – TechCrunch
When Twitter or Dropbox go public, they should remember May 18, 2012. The SEC has just approved NASDAQ's pay out of $62 million to investors burned when the stock exchange's trading systems broke down during Facebook's IPO last spring. Total losses for investors were pegged at $500 million by the W…
25 Mar 2013 ... But NASDAQ's glitches certainly didn't help, and Facebook is still trying to claw its way back to its $38 IPO price. Now the SEC has given the go- ...