A week after Facebook became a public company, its stock is once again in a spiral and investor scrutiny is heating up.
The stock began Friday by falling below $32 again. That was poor news for the social network, which made gains on Wednesday and Thursday after having a rough first three days of trading.
But as if a poor showing for the Menlo Park, Calif., company's stock was not enough, it's also continuing to remain the focus of bad stock market news.
Late Thursday, a report came out saying claims by four of Wall Street's "main market makers" against Nasdaq were likely to exceed $100 million. Knight Capital, Citadel Securities, UBS AG and Citi's Automated Trading Desk probably lost that much money collectively, stemming from glitches and delays that plagued Facebook stock's first day of trading last week.
At the same time, Fidelity Investments has said that it's working with thousands of brokerage clients who say they too were affected by those first-day trading issues.
Many investors are saying their trades last Friday were not executed at the prices they thought they'd be paying, according to a report by Reuters.
And indeed Nasdaq has admitted that 30 million of Facebook's shares were executed improperly due to those technical flaws, which is the largest problem the index has ever faced of that sort, according to the New York Times.
RELATED:
Facebook launches camera app; Instagram to be unaffected
Facebook hires design firm staff, attempting to fix its image?
Tidak ada komentar:
Posting Komentar