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Facebook needs to stop blaming everyone else for their failed IPO. NASDAQ didn't cause people to dump the stock days after the IPO. No, those were caused by sto
by jinushaun 14y ago
Facebook needs to stop blaming everyone else for their failed IPO. NASDAQ didn't cause people to dump the stock days after the IPO. No, those were caused by stories of FB's overvaluation, GM pulling out and their inability to monetize mobile.
- SoftwareMaven 14y agoNASDAQ telling the market "you have until noon Monday to prove your losses" most definitely did cause people to dump stock in the first two days of trading. Confusion over whether trades were happening because NASDAQ wasn't confirming orders probably caused investors to be skittish, which could easily have had cascading negative effects. It's hard to say if FB's stock was overpriced. The GM thing couldn't have helped. But to say NASDAQ had nothing to do with it is silly. I look at FB's IPO and think of this[1]. Little (and not so little) permutations causing shockwaves through the system. 1. http://www.youtube.com/watch?v=Suugn-p5C1M&sns=em http://www.youtube.com/watch?v=Suugn-p5C1M&sns=em