nasdaq

A major software problem may have significantly limited the number of people able to purchase Facebook stock when it first became publicly available on Friday, May 18, 2012. Nasdaq has assumed total responsibility for the fiasco and says it will ... offer compensation to those negatively affected by it. By some estimates, the payouts could total as much as $13 million. Nasdaq officials had planned carefully for the huge amount of trading that was expected when Facebook stock "went live". The combination of the number of shares put up for sale and the asking price made it the third-biggest stock ... (view more)