Nasdaq messed up Facebook's IPO, and now Facebook is totally
going to show them by taking its stock away from Nasdaq and hooking up with
Nasdaq's frenemy, the New York Stock Exchange, according to HuffPo.
That is the latest gossip from the world of Facebook, whose
stock today managed to dead-cat bounce by more than 3 percent to exactly $32.
Apparently the analyst at Needham took mercy on Facebook and rated it a
"buy" with a $40 price target. It's now down just 15.9 percent from
its IPO price of $38 on Friday. So congratulations on all that.
Reuters and Bloomberg are both reporting, citing an
anonymous source, that Facebook and the NYSE have been furiously sexting each
other about Facebook dumping Nasdaq and taking up with the NYSE instead.
One of the many, many problems with Facebook's IPO was that
the Nasdaq wasn't prepared to handle the onslaught of flash-trading robots that
descended on Facebook's IPO Friday morning and picked it clean….
Go on get the big picture at http://www.huffingtonpost.com/2012/05/23/facebook-dumping-nasdaq-for-nyse_n_1540744.html?ref=business
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