Facebook Is Officially The Worst IPO Of The Decade!!! FB Falls More than 5% NOW!!!

The Facebook IPO Screwup Could Be Curtains For NASDAQ

It's hard to overstate how big a disaster the Facebook IPO has been for NASDAQ, one of the United States' two big stock exchanges.

People often forget that the NASDAQ and New York Stock Exchange (NYSE) are private companies, just like the companies that list on them. As such, the exchanges compete fiercely for "clients"—which in this case are public companies looking for a place to list their stocks.

15 years ago, in the 1990s, the relative positioning of NASDAQ and New York Stock Exchange were clear:

The New York Stock Exchange (NYSE) was the exchange for big, boring, prestigious industrial companies.

NASDAQ was the exchange for exciting, disruptive technology companies....


Read more: [link to www.businessinsider.com]

Last Edited by Luisport on 05/25/2012 03:30 PM