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Swiss Bank Threatens to Sue NASDAQ Over Facebook IPO

Posted by samzenpus on from the what-took-you-so-long dept.

jfruh writes "On the day of the Facebook IPO, the NASDAQ's trading systems suffered multiple failures and couldn't confirm buy orders for several hours. Big banks buying shares for their funds and customers placed multiple orders as a result, and bought more Facebook stock than they intended to as a result. NASDAQ has agreed to set up a fund to compensate them for their losses, but apparently this isn't enough for Swiss bank UBS, which is threatening legal action."

5 of 147 comments (clear)

  1. Re:LOL by 2.7182 · · Score: 4, Funny

    Basically it sounds like someone clicked the buy button like they were pushing an elevator button to make it arrive faster. That works, you know.

  2. Don't hit refresh! by Anonymous Coward · · Score: 2, Funny

    Did they ignore the bit where it says don't hit refresh in your browser?

  3. Re:LOL by CheshireDragon · · Score: 5, Funny

    Probably wouldn't last too long. I am sure some people would start to question why your dick was out in the first place.

    --
    "That's right...I said it."
  4. Re:legal action because it is falling? by nedlohs · · Score: 4, Funny

    If your phone company undercharged you one month would you complain? What if they overcharged you several thousand dollars?

    Amazing that you would invest different amount of efforts into resolving those situations. Amazing I say!

  5. Re:LOL by PopeRatzo · · Score: 4, Funny

    So you're saying if you pushed the elevator button and got no response (no light, nothing) you wouldn't push it again? You would just stand there with your dick in your hand hoping that the press registered?

    My dick was in my hand before I got on the elevator.

    --
    You are welcome on my lawn.