Categories: Technical Analysis

NASDAQ Responsible for Facebook’s Flop

Hello Friends

Good Morning, good afternoon and good evening

I thought I would make a post for those who are interested regarding Facebook and the problems that Super Social Network company is facing.

Now we all know about Facbook going public and we all probably thought that this was going to be the next big investment opportunity.

But unfortunately since going public Facebook has lost more than 27% of its value in less than 2 weeks.

Home Trader Club - Learn How Trader Earns! VIP Membership Club for Traders by Vladimir Ribakov

Traders Workshop - For Real Success - You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov

After reaching a high of $45 per share Facebook is now trading at around @21.80 per share.

What’s going on here? Was Facebook over hyped? Who’s to blame for this mis- calculation of Facebook’s IPO.

What or Who has investors already suing for hundreds of millions dollars?

Well the market is now looking to NASDAQ who was in charge of handling Facebook’s initial public offering. It seems that the SEC is investigating on whether the NASDAQ indeed had the public’s interest first and not the prospect of making a boat load of money.

If NASDAQ is found to have been negligent in the process the SEC will most likely hit them with fines.

Watch this video from Bloomberg.com

That is all for now

Until next time

Vladimir

Advertisement

Click To Join Our Community Telegram Group

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.