Nasdaq’s computer systems cause trouble during Facebook IPO

Nasdaq’s computer systems cause trouble during Facebook IPO

“Earlier today, Greifeld acknowledged in a meeting with shareholders that “clearly we had mistakes” in the offering. Greifeld blamed “poor design” in the software it uses for driving auctions in IPOs in the conference call with reporters on May 20.”

The fact that the biggest tech IPO in a long time was hampered by computer problems is fantastically ironic.

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