Facebook listing

The Facebook listing was one of those memorable listings, one of those events that you have to have watched. I was not watching because it was my daughters seventh birthday party, that was a success too! But the Faceook listing did not go off as planned. A glitch of sorts by the NASDAQ saw many a investor and folks hoping for a giant pop confused and mad with the NASDAQ. But I guess on balance, perhaps Morgan Stanley and Facebook would not feel completely happy with the outcome, but the stock listed and traded. And the Zuck got married on Saturday (our Mayvis said he is too young to get married) to long time girlfriend, Priscilla Chan. Mr and Mrs. Zuck. The Zucks. Yeah, but that actually zucks, I mean sucks, the listing technology problems. The NASDAQ say that they are embarrassed by what happened. And they (the NASDAQ) are planning to repay some investors but would need SEC approval, according to the WSJ. This was a screen grab from the Zucks weekend, see, he was busy.

Next and most important question, where to for the stock? They closed JUST above the listing price, I was hopelessly wrong on Friday. Perhaps the problems in Europe, perhaps the greater offering from the vendors or the trading glitch, or the valuations. Or all these issues saw the price close just above the IPO price of 38 Dollars. There could be some short sellers stepping up the pace, there could be staggers throwing in the towel, equally the pent up demand could return to the screens. We watch as the NASDAQ continue to apologize for their mistakes.