Facebook: Who's To Blame?
By Bill Maurer: Tuesday morning, the beating in shares of Facebook (FB) continued, with shares touching a low under $31 before rebounding to about $33 as I wrote this article. All eyes have been on this story for the past week, and as I've said recently, it is amazing to see how much attention this is getting. As the stock goes lower and lower, frustrations are building both on Wall Street and Main Street over what seems like a botched IPO. The question is, who's to blame? I'll give my opinions and dole out some percentages below. Nasdaq OMX Group (NDAQ) - 35%: You have to give the exchange a fair amount of blame for this issue. There were obvious issues building on Friday morning, so why bother even opening the stock? We were supposed to get it open at 11 a.m., that was delayed by half an hour. Once trading began, thereComplete Story »