Facebook Faces Trading Problems

    The electronic screen on the front of the Nasdaq stock market announces the listing of Facebook shares that begin trading, Friday, May 18, 2012 in New York. The world's definitive online social network raised $16 billion in an initial public offering that values the company at $104 billion. (AP Photo/Mark Lennihan)

    Mark Lennihan / AP Photo

    The fallout over Facebook’s IPO just keeps getting worse. Fidelity Investments, a large Boston-based mutual-fund company, is reportedly working with “thousands” of brokerage clients who have been affected by trading problems stemming from a NASDAQ glitch that delayed the stock’s early trading by 30 minutes. Fidelity issued a notice to clients who have expressed confusion over whether or not they owned stock in the social-media company, saying they may have experienced delays after sending orders to buy shares Friday. The  fund company reassured clients that “any shares of Facebook stock currently credited to their accounts are owned by them and available for trading.” Fidelity was not immediately available for comment regarding customer complaints.

    Read it at Reuters