Facebook IPO faces technical glitches on Nasdaq opening

It was billed as the hottest tech IPO ever, but what should have been a honeymoon week turned out to be a nightmare for Facebook.

It was billed as the hottest tech IPO ever, but what should have been a honeymoon week turned out to be a nightmare for Facebook. After an ominous delay in opening trade on Nasdaq, the stock slipped for most part of the week, leading to allegations of greed and dishonesty. Word on the Street is that ordinary investors got ‘Zucked’ by Facebook and its founder Mark Zuckerberg. Lets retrace the eventful days since the IPO, and what lies ahead...

May 18: Makes tepid debut amid technical glitches May 21: Stock sinks on valuation concerns May 22: Reports appear about selective sharing of info related to lower revenue growth forecasts May 23: Shareholders sue Facebook and its bankers, accuse it of hiding forecast


Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Internet › Facebook IPO faces technical glitches on Nasdaq opening
Text Size:AAA
Success
This article has been saved

*

+