The following is an excerpt from Kara Swisher | July 2, 2012 | allthingsd.com |
It’s called a warning shot, and Facebook just let a doozie of one fly at the Nasdaq Stock Market, via a clever pair of articles in two major media outlets.
Yesterday, the New York Times reported that Facebook is seriously considering dumping Nasdaq for the New York Stock Exchange.
The reason, according to the Times: “[T]he relationship has soured.”
You’re kidding? Say what? (That’s a little like saying you were surprised when CNN’s Anderson Cooper revealed today that he is gay.)
Among the gripes that the social networking giant has against the electronic stock exchange giant, in the wake of its infamously screwy IPO in May:
The technologically bungled opening day.
Delayed trades that then junked the stock when they were suddenly released all at once that same day.
Nasdaq telling investors that it would pay them off too soon on the second day of trading.
Ensuing shareholder lawsuits.
And, perhaps most of all, crappy communications in the crisis from Nasdaq CEO Robert Greifeld, who has made an ongoing series of dopey remarks. That includes saying its obvious screw-ups had not impacted Facebook’s share price.
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