4 ms·
UBS sues Nasdaq and Facebook over $357 million IPO loss The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to
by mootothemax 14y ago
UBS sues Nasdaq and Facebook over $357 million IPO loss
The article doesn't mention anything about UBS suing Facebook, only Nasdaq. Can you update the title to take this into account?
Edit: title now updated, thanks! :)
- deleted 14y ago[deleted]
- its_so_on 14y agoright, specifically "to address its gross mishandling of the offering and its substantial failures to perform its duties". does anyone know what they could possibly have in mind?
- austenallred 14y agoI was confused the whole time I was reading the article because I was thinking "Facebook." Facebook was not mentioned.
- jessedhillon 14y agoUBS said it lost 349 million Swiss francs ($357 million) following Facebook's initial public offering, another blow in a quarter where earnings were already pressured by its struggling investment bank. They are claiming losses resulting directly from NASDAQ's mishandling of the IPO.
- nandemo 14y agoThere were severe technical problems in Nasdaq's trading system during the IPO: http://abcnews.go.com/blogs/business/2012/06/nasdaq-outlines-40m-fund-for-facebook-ipo-glitches/ http://abcnews.go.com/blogs/business/2012/06/nasdaq-outlines...
- kamaal 14y agoAren't these sort of things covered in 'I have read and understood the Term and conditions' & then click on 'I agree'.
- kitsune_ 14y agoNo, these are the things covered by the litigation specialists at corporate law firms.
- deleted 14y ago[deleted]
- joezydeco 14y agoI'd love to see during discovery that UBS has a high-frequency trading group that was partially responsible for seizing up the NASDAQ order book during the IPO. [edit] http://www.nanex.net/aqck/3099.html http://www.nanex.net/aqck/3099.html