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Nasdaq planning to compensate brokers for Facebook IPO trading glitch
- Officials at Nasdaq are preparing to offer compensation to firms that lost money due to a computer glitch on the opening morning of Facebook’s IPO. It’s been estimated that traders lost a collective sum of over $100 million but the…
Facebook, underwriters sued over "secret" changes to revenue forecast
- Facebook’s record-setting IPO was the talk of the town leading up to last Friday when shares were made available for purchase on the NASDAQ. To say that the process went smoothly would be the understatement of the century. The IPO…
Facebook IPO affected by Nasdaq technical issues
- Nasdaq OMX Group Inc. faces scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its very first day of trading. Apparently computers used to drive the auctions were overwhelmed by order cancellations and updates in…
Hackers repeatedly penetrated Nasdaq's computer network
- Hackers repeatedly made their way into the computer network that runs the Nasdaq Stock Market during the past year. The part of the system that executes trades was not breached but other parts of Nasdaq's infrastructure were accessed, though it's…
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