Ubs May Have Facebook Trading Loss Of $350 Million

UBS Sues Facebook

UBS is sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public offering, and is preparing legal action against Nasdaq as a result, people familiar with the matter told CNBC.

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Topics:  banks   facebook   facebook ipo   ipo   nasdaq   social media   social networking   stocks   technology   ubs   
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  • UBS's huge Facebook loss throws doubt on Nasdaq plan
    Meanwhile, Facebook shares fell to a new all-time low Tuesday, touching $21.61 in afternoon trading. At that level they are down 52 percent from their first-day high. UBS's 349 million Swiss franc loss dwarfs the $62 million all cash plan Nasdaq set up to ...
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  • UBS set to sue Nasdaq for £227m Facebook IPO loss
    “UBS's loss resulted from NASDAQ's multiple failures to carry out its obligations, including both opening the Facebook stock for trading and not halting trading in the stock during the day. We will take appropriate legal action against NASDAQ to address ...
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  • UBS’s huge Facebook loss throws doubt on Nasdaq plan
    In its quarterly earnings, the Swiss bank said it plans to take legal action over the massive problems during Facebook Inc’s $16-billion market debut, which caused it to lose far more than other market makers and trading firms. UBS AG said it would seek ...
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  • UBS's huge Facebook loss throws doubt on Nasdaq plan
    Meanwhile, Facebook shares fell to a new all-time low Tuesday, touching $21.61 in afternoon trading. At that level they are down 52 percent from their first-day high. UBS's 349 million Swiss franc ($355.8 million) loss dwarfs the $62 million all-cash plan ...
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