Nasdaq: Glitch Didn't Hurt Facebook

    Electronic screens show the price of Facebook shares after they began trading Friday, May 18, 2012 in New York. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Richard Drew)

    Richard Drew / AP Photo

    Though the stock exchange suffered some technical difficulties on the morning of Facebook’s highly anticipated public debut, Facebook’s stock was unaffected. Robert Greifeld, Nasdaq’s chief executive, says the delayed trading on some exchanges didn’t contribute to the stock price falling flat of expectations. Greifield says Nasdaq is “humbly embarrassed” by the problems, which left traders and investors unaware of the status of their orders until hours later, but says it did not influence Facebook’s stock prices.

    Read it at The New York Times