This final note today, which comes with the observation that Facebook closed down another 3.8 percent today. You can now buy youself a slice of the company for just $25.87, a bit more than $12 off its initial public offering price.
I mention that as a way to tell you this: The Nasdaq said today it’s going to start explaining how it’s going to compensate people for the bungled Facebook IPO tomorrow. Losses to banks and trading firms are estimated at somewhere near $100 million. There was that 30-minute glitch at the Facebook open a couple of weeks ago.
Shares of Nasdaq itself, today, for what it’s worth? Up 2 percent.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.