Facebook Market Makers Claim Huge Losses From Botched IPO - Spokane, North Idaho News & Weather KHQ.com

Facebook Market Makers Claim Huge Losses From Botched IPO

Posted: Updated:

May 24 (Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.

A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. click here to read more

  • Most Popular StoriesMost Popular StoriesMore>>

  • BACK TO SCHOOL: See where your school ranks in performance

    BACK TO SCHOOL: See where your school ranks in performance

    Wednesday, August 27 2014 10:53 PM EDT2014-08-28 02:53:53 GMT
    SPOKANE, Wash. - Two schools in the Spokane area received top rankings based on a new assessment, according to the Washington Policy Center. Using assessments based on a study by the Washington State Board of Education, the Washington Policy Center ranked schools on an "A to F-" scale, with 14 percent of schools in in and around Spokane finishing with A's or B's.>>
    SPOKANE, Wash. - Two schools in the Spokane area received top rankings based on a new assessment, according to the Washington Policy Center. Using assessments based on a study by the Washington State Board of Education, the Washington Policy Center ranked schools on an "A to F-" scale, with 14 percent of schools in in and around Spokane finishing with A's or B's.>>
  • Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Throwback Thursday! Look At 'Sunshine Shelly' Through The Years!

    Thursday, March 20 2014 1:04 PM EDT2014-03-20 17:04:11 GMT
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
    KHQ.COM - It's throwback Thursday! Here is a slideshow we would like to share of Shelly Monahan through the years! For those of you who have been in Spokane for many years, and saw her through her "Sunshine Shelly" days, you will probably remember the Shelly from back in those days. Enjoy!>>
  • PHOTOS: National Dog Day!

    PHOTOS: National Dog Day!

    Wednesday, August 27 2014 2:02 PM EDT2014-08-27 18:02:10 GMT
    KHQ.COM - Tuesday, August 26th is when we celebrate man's best friend! It's National Dog Day! National Dog Day was created back in 2004, and it gives us a chance to stop and appreciate those who offer us their unconditional love, support, and acceptance: our pups! INSIDE>>>|Submit photos of YOUR dog!|>>
    KHQ.COM - Tuesday, August 26th is when we celebrate man's best friend! It's National Dog Day! National Dog Day was created back in 2004, and it gives us a chance to stop and appreciate those who offer us their unconditional love, support, and acceptance: our pups! INSIDE>>>|Submit photos of YOUR dog!|>>