Published reports today suggest NASDAQ is working on a plan to compensate brokerages that lost perhaps $100 million when software fouled up the start of trading in Facebook's IPO last month.
In order to increase its reach, Facebook is now developing a system that would allow children under the age of 13 to play games and use the social network.
Yesterday discount travel website Kayak announced it’s putting off going public. In the UK, luxury jeweler Graff Diamonds has made a similar move, and today Formula One announced it’s shelving its IPO.
For the past week and a half Mark Zuckerberg has been losing face a bit in the stock market, but this week his company is booking ahead with plans for a major expansion to their headquarters in the Silicon Valley suburb of Menlo Park.
Some point to the Facebook stock flop as sign of a slowing tech sector. Meanwhile, employment growth for unskilled workers in the U.S. remains stalled.
The news that didn't quite make the headlines. This week: Facebook can predict the stock market, U.S. traffic is down (but not on L.A.'s 405 freeway), and paying off loans with cash.
