The main issue, according to the chief executive of the Nasdaq OMX Group, was a number of order cancellations that flowed in during the final stages of the initial public offering process.

Topics:  nasdaq omx group   chief   
    This article has been revised to reflect the following correction: The DealBook column on Tuesday, about the role that David Ebersman, Facebook's chief financial officer, played in the company's initial public offering, misstated the price range for that offering. It was $28 to $35, not $29 to $34.
    09/10/2018 - 10:56 pm | View Website
  • A short history of stock market glitches
    Monday is the three-year anniversary of the Nasdaq's f lash freeze, a glitch that halted the trading of Nasdaq stocks altogether for three hours. Here's five of the biggest recent technical glitches that have affected trading on the U.S.'s biggest exchanges.
    08/22/2016 - 8:37 am | View Website
  • Shutdown at Nasdaq Is Traced to Software
    The Nasdaq OMX Group attributed last week’s three-hour trading halt a surge of data that overwhelmed its server, in the stock market operator’s most detailed accounting yet of the market outage.
    08/29/2013 - 11:11 am | View Website
  • NASDAQ’s Glitch Cost Facebook Investors ...
    The SEC has approved NASDAQ’s payout of $62 million to investors burned when the stock exchange’s trading systems broke down during Facebook’s IPO. Total losses for investors were pegged at $500 million by the Wall Street Journal, though.
    03/24/2013 - 7:55 pm | View Website
  • Facebook suggests Nasdaq glitches led to decline
    The highly anticipated IPO was marred by technical glitches that delayed trading when Facebook went public on May 18. Facebook said those glitches at Nasdaq hurt its stock for days. Seven of the lawsuits claim that Nasdaq errors created market uncertainty and caused shareholders to lose money. Nasdaq has admitted that there were technical problems.
    06/15/2012 - 5:44 pm | View Website
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