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Tuesday, March 24, 2026

Nasdaq caused $35 mn loss in Facebook IPO: broker

Nasdaq caused $35 mn loss in Facebook IPO: broker (via AFP)

A New York broker has asked Nasdaq to compensate it for up to $35 million in losses on the Facebook initial public offering due to the market's computer problems on the first day of trade. Knight Capital said in a filing to the Securities and Exchange Commission late Wednesday that it had submitted…


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