As the problems in Facebook's opening day trading surfaced, Nasdaq CEO Robert Greifeld didn't know it was happening, the Wall Street Journal reported today (subscription required).
The articles provides a play-by-play of the stock exchange's system breakdown on May 18, when banks and firms lost millions of dollars as order confirmations failed and then a wave of panicked cancellations jammed the system. It also notes that Nasdaq shortened Facebook's waiting period to join the index to just three months, according to an unnamed WSJ source. The wait can normally take as long as two years.
Greifeld … Read more