By Associated Press
The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.
Robert Greifeld told news media there's no indication the delay contributed to the underwhelming performance of Facebook's stock, which ended at $38.23 ? 23 cents above where it began.
Facebook's stock was expected to start trading at 11 a.m. but didn't open until 11:32 a.m., and some investors didn't learn for hours whether their orders went through.
Greifeld called the company's first day of trading "successful." He said late order cancellations caused a glitch, according to reports published Sunday. He said Nasdaq's board met Saturday and plans to change its IPO auction process.
The Securities and Exchange Commission has said it is investigating.
More from msnbc.com business:
Follow msnbc.com business on Twitter and Facebook
? 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
pope joan pope joan paul pierce strawberry festival knicks strikeforce tate vs rousey ciaa
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন