As we reported on Friday, Nasdaq is getting the blame for Facebook’s botched IPO launch and the subsequent poor trading performance in the days that followed. The remarks come from a court filing by Facebook and Morgan Stanley who seek…
Groupon Gets an Upgrade by Morgan Stanley Analyst from Equal Weight to Overweight
Groupon shares are on the rise this morning as after Morgan Stanley analyst, Scott Devitt, raised the company’s status from Equal Weight to Overweight. Despite closing just above $10 per share on Friday, early morning trading reached as high as…
Why Facebook Isn’t a Bad Investment for Everyone
Back on the 12th of June, Harvard Business Review (HBR) published an article explaining how so many investors were enticed by Facebook’s public offering and why it wasn’t a good idea, according to their principals of investment, to jump on…
Facebook Blames Nasdaq and Wants to Consolidate IPO Investor Lawsuits
The one month anniversary of Facebook’s much anticipated initial public offering is close at hand, and the social networking giant has yet to address investor concern or the countless lawsuits which have been filed against the Nasdaq, Mark Zuckerberg, or…
UBS Lost $350 Million on Facebook IPO Trades
Earlier this week we reported that the Nasdaq stock exchange had set aside $40 million to compensate investors who were hurt financially by the computer glitch that plagued Facebook trading early on during the IPO launch. You might recall, the…
Facebook Stock Rises after ComScore Finds Ads Work
Yesterday, ComScore released details of their latest study on Facebook advertising and the news is pretty good. Despite many claims and self-report surveys declaring the ads simply don’t work, research suggests repeated exposure to branded messages, does in fact, impact…
Nasdaq Scrutinized for Facebook IPO Investor Compensation Plan
Yesterday, Nasdaq announced it was finally making some reparations to investors who were effected by the mysterious computer glitch that plagued Facebook trading the morning of the IPO launch. You might recall, they set aside over $40 million in order…
Facebook Stock on the Rise as Nasdaq Sets Aside Millions to Compensate Investors
Good news all the way around for Facebook investors. Despite sluggish trading and constantly declining stock prices, today’s trading took a turn for the better. While trading started out at a record low $25.52, it actually jumped up to over…
Facebook Might Switch to NYSE after Nasdaq Failure
Facebook stock closed at $31.99 per share yesterday, and some speculate that there truly is no limit on how low it can go. One of several factors that might’ve contributed to the sensational IPO’s less than stellar performance was an…