The Nasdaq stock market shut down trading today following a technical problem. The exact nature of the problem isn’t known. Given the huge percentage of automated high-frequency trading that happens a technical glitch can be a huge problem.
During the build up to Facebook’s initial public offering last month, there were plenty of clues to suggest that it wouldn’t make small investors any money. But that didn’t stop them flocking to the deal, in turn wasting their money. Why is that?
The Facebook IPOcalypse continues, free falling first, now barely recovering. We don’t know if it’s going to be the most successful opening IPO in history but, right now, it seems they may have broken the record for the fastest traded record in history.