NASDAQ

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Facebook Backers Helped Short Sellers

Morgan Stanley adjusting thousands of first-day trades

(Newser) - Some traders at the underwriters of Facebook's bungled IPO were busy aiding short sellers who bet the stock would drop in the days after its debut, the Wall Street Journal finds. Insiders say traders at JPMorgan and Goldman Sachs were loaning out the shares hedge funds needed to bet...

Investor Sues Nasdaq as Facebook Drops Again

Lawsuit says exchange mishandled the IPO

(Newser) - Nasdaq has admitted that it bungled the Facebook IPO , and now an investor wants to make the exchange pay up. Maryland's Phillip Goldberg sued Nasdaq on behalf of all those who lost money because the exchange delayed their orders on the chaotic opening day, reports Reuters . He seeks class-action...

Nasdaq: We Bungled Facebook IPO

CEO Robert Greifeld: Nasdaq is 'humbly embarrassed'

(Newser) - Nasdaq admitted today that it mishandled Facebook's record-busting IPO on Friday with maddening delays and technical glitches, the Wall Street Journal reports. "This was not our finest hour," said Nasdaq CEO Robert Greifeld, who called his exchange "humbly embarrassed." Nasdaq's board met today, he...

Facebook IPO Ends Flat: Right Back at $38

Shares don't fare as well as expected

(Newser) - Facebook's big day is over, though its IPO didn't meet Wall Street's expectations. Some highlights:
  • Rise and fall: Shares opened at $38, rose quickly to $42, then sank again to $38 before underwriters stepped in to keep the price up, reports the Wall Street Journal . Shares closed
...

Facebook's First Trades: Shares Climb, Cool Off

Company doesn't see expected 'pop'

(Newser) - Facebook has seen a mixed start to its IPO: Initially priced at $38 each , shares in the company quickly jumped about 11%, opening at $42. But things cooled off, and at one point in the first half-hour, shares were back down to about $38, notes the Wall Street Journal . They...

Lawsuit Could Wipe Out Facebook IPO Windfall
Lawsuit Could Wipe Out Facebook IPO Windfall
and more IPO news
May 18, 2012 10:13 AM CDT

Lawsuit Could Wipe Out Facebook IPO Windfall

...but bids in Germany have hit $74 a share

(Newser) - By the time you read this, Facebook shares will likely have begun trading ( or not ). But the hoopla around the IPO was slightly dampened today, thanks to a mammoth class-action privacy lawsuit filed against it. The case combines 21 separate suits accusing Facebook of tracking users even when...

Facebook's IPO Day Is Here —and Nasdaq Braces Itself

Trading opens at 11am ET

(Newser) - Facebook shares will go on sale at long last today, in the biggest tech IPO in US history—and Nasdaq is desperate to make sure nothing goes wrong. Facebook has set an initial price of $38 per share, meaning it will make some $16 billion on the sale. Trading will...

Facebook Expands IPO, Could Raise $16B

Stock offering may become third largest in US history

(Newser) - Facebook's behemoth of an IPO is getting even bigger. After raising its price range , the company has now decided to expand the size of the stock offering by 25% to 422 million shares, sources tell Reuters . The IPO could now raise as much as $16 billion—dwarfing Google's...

Facebook IPO: Not Quite $100B

Shares to be $28 to $35, putting value at $96B max

(Newser) - With Nasdaq trading likely to begin in weeks, Facebook has revealed pricing figures: It's planning to sell shares for between $28 and $35, which would put the company's value at $77 billion to $96 billion—the highest ever for a web firm during its IPO, the Wall Street ...

Facebook Will List on Nasdaq
Facebook Will List
on Nasdaq
Apr 5, 2012 2:53 PM CDT

Facebook Will List on Nasdaq

Company's 'FB' will be found there instead of on New York Stock Exchange

(Newser) - Nasdaq has scored a major coup in the world of stock exchanges: It's getting Facebook, report the Wall Street Journal and New York Times . The company will list under the ticker symbol FB on the tech-heavy exchange after its initial public offering, expected next month. Nasdaq already has the...

Nasdaq Hits 11-Year High; Dow Rises 157

It's Dow's best finish since 2008

(Newser) - Today's rosy jobs report did wonders for the markets. The tech-heavy Nasdaq, in fact, closed at an 11-year high, reports MarketWatch , while the Dow finished at its highest level since May 2008, notes the Wall Street Journal . The numbers:
  • Dow: Up 157, 1.2%, to 12,862
  • Nasdaq: Up
...

Dow Surges 337, Reclaims 12K

Market has its best day this month

(Newser) - Encouraging signs out of Europe and a surprisingly strong report on the US housing market drove the Dow Jones industrial average up more than 330 points today. It was the best day for stocks this month. The Spanish government pulled off a successful debt auction, and gauges of business and...

No Pop in Zynga&#39;s IPO
 No Pop in Zynga's IPO 
Dec 16, 2011 12:15 PM CST

No Pop in Zynga's IPO

Opens at $11 a share, then sinks below IPO price of $10

(Newser) - Maybe it's not such a great day to live in Farmville after all. Zynga's much ballyhooed IPO took a turn for the negative this morning. Though things seemed encouraging out the gate—shares opened on Nasdaq a dollar above its $10 initial public offering price—they sank below...

Stocks Plunge on Super Committee Failure

Dow drops triple digits

(Newser) - Stocks plunged at the opening bell today, thanks to the super committee's failure to reach a deal and the ongoing debt crisis in Europe. As of 9:37am, the Dow was down 158 points, while the Nasdaq and S&P were down 40 and 19 points, respectively, as investors...

Dow Soars 340, May Have Best October Ever

Bank stocks lead the way after deal in Europe

(Newser) - Wall Street had a banner day in the wake of the financial accord in Europe , with banks stocks leading the way:
  • Dow: Up 340 (2.9%) to 12,209; (it had been up more than 400 points in the final hour)
  • Nasdaq: Up 88 (3.3%) to 2,739
  • S&
...

NASDAQ Hackers Spied on Company Directors

Malware gave hackers access to corporate communications

(Newser) - Hackers who broke into the NASDAQ stock exchange's systems last year stole a lot more information than previously thought, sources close to the investigation tell Reuters . The hackers installed malware on a software program that corporate boards use to share documents and communicate with executives, which allowed them to...

Dow Drops 391 in Global Selloff
 Dow Dives 391 
Sep 22, 2011 3:09 PM CDT

Dow Dives 391

Market had been down more than 500 at one point

(Newser) - The markets have closed on a brutal day, with US stocks joining what MarketWatch characterizes as a global selloff. At one point, the Dow was down more than 500 points, though it rebounded in the final hour. The Wall Street Journal notes that yields on 10-year Treasuries are at 1940s...

Stocks Plummet on Greece Fears
 Stocks Plummet 
 on Greece Fears 
MARKETS
Sep 19, 2011 9:48 AM CDT

Stocks Plummet on Greece Fears

Dow down more than 200 points

(Newser) - Stocks took a dive this morning as investors fretted over Greece’s deepening debt crisis. The Dow plunged 246 points, according to the Wall Street Journal , while the S&P and Nasdaq shed 26 and 55 points, respectively. Crude oil sank as well, dropping below $85 a barrel. “The...

Dow Drops 300+ Points
 Dow Drops 300+ Points 
Sep 9, 2011 11:50 AM CDT

Dow Drops 300+ Points

Investors worried about Europe again

(Newser) - President Obama might be getting good reviews for his plan to shore up the US economy, but investors are far more worried about Europe, reports MarketWatch . The Dow was down more than 300 points at midday to below 11,000, and both Nasdaq and the S&P 500 were each...

Stocks Soar, Dow Up 322
 Stocks Soar, Dow Up 322 
MARKETS
Aug 23, 2011 3:42 PM CDT

Stocks Soar, Dow Up 322

Analyst chalks it up to psychology

(Newser) - Stocks had their best day in more than a week today, with the Dow jumping a whopping 322 points, while the Nasdaq and S&P gained 101 and 39 points respectively. Investors are betting that the Federal Reserve will heap more stimulus on the economy this week, Bloomberg reports, while...

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