Have you ever become frustrated when your Internet purchase failed to process, opened a new browser window and resubmitted the order, then found out later that you’d paid for two levitating hover scooters instead of one? So that same thing happened to UBS last quarter, only the Zurich-based bank was buying Facebook Read More
CNBC has flushed out its story on the losses it says UBS suffered when Nasdaq systems froze up on the day that Facebook started trading, and it will likely sound familiar to anyone who’s every used a credit card to buy something online. UBS wanted to buy 1 million shares in Facebook, according to Read More
The lawsuit, we suppose is not so surprising, but the $350 million number is new. Knight Capital has said it lost $35 million to the delays in trading on Facebook’s IPO day, and we’ve been reading that the stock’s four biggest market makers—Knight, Citadel, Citigroup and UBS—suffered losses in the neighborhood Read More
This should be fun, at least for those of us without any skin in the game: Nasdaq will disclose plans to compensate investors who suffered losses when technical glitches delayed the trading of Facebook shares on May 18 in an SEC filing tomorrow, the Wall Street Journal is reporting.
The catch is that regulations govern Read More
Guess rumors that Facebook is working on building a smartphone of its own didn’t help: Facebook fell another 9.6 percent today, closing at $28.84, 24 percent below the offering price.
That comes after a New York Times story this weekend suggesting that Zuck & Co. have been assembling hardware and software engineers to take Read More
In the days before the Facebook hysteria had fully bloomed, we sought comment from investors who planned to buy the stock. Did they know half of Twitter was bashing Facebook as massively overpriced? Were they chasing the next Google? Did they just like Zuck?
Yesterday we finally caught up with a Facebook investor. Alper Aydinoglu Read More