Will NYSE Scoop Up Facebook After Nasdaq Disaster?
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Facebook’s stock was delayed for half an hour on the Nasdaq last Friday, the result of a glitch in the technology, according to the exchange runner, Nasdaq OMX Group (NASDAQ:NDAQ), which is now under investigations of unknown scope for the seeming mishandling. Facebook shares finished the day only a few cents above their $38 IPO price.
According to a source, the social media giant is now hearing proposals from NYSE (NYSE:NYX) through emails and phone calls about re-listing on the other exchange. Facebook has been receptive to communicating about the idea, the source said.
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