CNN CNN Newsroom May 30, 2013 14:56:00
Nasdaq made a bunch of poor decision regarding the ipo. it ultimately couldn't match the buyers to the sellers in the crucial moment when facebook went public. so now what's happening? a huge penalty for messing up facebook's public day bow to the tune of $10 million. $10 million represents about 3% of the nasdaq's net income in 2012. this is in addition to the $62 million nasdaq set aside to investors who lost their money because of the exchange's screwup. plus, add up all the money brought by investors and trading firms that are pending. it can go on and on not to mention the rep takes issue...
Source: archive.org