Facebook Stock Closes at $32 on Wednesday

Facebook stock is once again closing in the $30 price range at $31.99 as the Nasdaq market closed at 4PM today. It opened at $31.37, rose as high as $32.50, and dipped as low as $31.36. So not a lot…

Morgan Stanley to Adjust Facebook Prices for Retail Customers

Good news for early Facebook IPO investors who may have been a victim of Nasdaq’s computer communication glitch, Morgan Stanley is reviewing all of the trades that went through on that day. As you remember, trading was delayed by a…

Facebook IPO Scandal: Was the Nasdaq Glitch Real?

Perhaps we are all overreacting to the Facebook/Nasdaq/Morgan Stanley issue by calling it a scandal. But experience has taught many of us a valuable lesson; if it looks like a fish, swims like a fish, and smells like a fish,…

Investor Sues Nasdaq Over Facebook IPO

Maryland Facebook investor Phillip Goldberg has just filed a complaint against Nasdaq OMX Group Inc. regarding “badly mishandled” trades upon the social network’s IPO. Goldberg aims to represent a group of investors who saw orders not processed correctly, which prompted…

Facebook IPO Revised Revenue Report Scandal

Probably not surprising to most of you, big banks, and underwriters of the Facebook IPO deal, had inside information on the company’s inevitably shrinking revenues before trading even began. As we reported yesterday, Morgan Stanley’s financial forecasters issued a revised…

How Low Can Facebook Stock Go?

Facebook stock closed at $34.03 per share yesterday, and some speculate that there truly is no limit on how low it can go. Several factors have likely contributed to the sensational IPO’s less than stellar performance. NASDAQ had allegedly suffered…

Nasdaq’s Fallout from the Fubar Facebook IPO

Given that everyone was so excited and looking to the future with Facebook’s initial public offering on Friday, there has been a surprising absence of good news to come out of the it since it happened. It’s not even that…

Tech Stocks: Nasdaq Embarrassed by Facebook IPO Hiccups

Tech stocks IPO auctions will undergo a few necessary changes after a delay caused Facebook shares to begin trading 30 minutes after the scheduled 11am start time. CEO Robert Greifeld believes that the delay didn’t lead to what many believe…

Facebook IPO’s Poor Performance Blamed On Software

Friday started out pretty exciting as Facebook shares started trading. The feelings of joy soon turned to disappointment, however, as Facebook’s share price never really went anywhere. The question then turned to what caused the poor performance. To help answer…

Facebook’s Less Than Stellar IPO Performance

Looking back to Friday, the day of the big Facebook IPO, we reported that there was some sort of technical issue that hampered trading early on. According to sources on the inside, it could all be traced back to a…