Facebook Not Feeling Friendly With Nasdaq

One thing I don't understand is why the media portrays Facebook as "botching" its IPO. If anything, didn't the company make out with a better deal than their market value? How is this bad for Facebook? It's only bad for <i>investors</i>, if they invested in Facebook before its market value dropped, right?<p>Also, I'm sure the investors and underwriters knew that there's a significant amount of uncertainty and risk when investing in new technology companies, especially with industries that have never been around before.<p>I feel like this is just the media circus trying to blow things out of proportion.

"For more than two decades, Silicon Valley has played a vital role in Nasdaq’s evolution,” said Joseph G. Christinat, a Nasdaq spokesman. “Nasdaq will always strive to be part of the Valley’s start-up ecosystem."<p>Maybe the Valley needs to start its own exchange.

Facebook needs to stop blaming everyone else for their failed IPO. NASDAQ didn't cause people to dump the stock days after the IPO. No, those were caused by stories of FB's overvaluation, GM pulling out and their inability to monetize mobile.

Facebook feels manhandled? Now it knows how it's users feel when it: changes privacy settings, makes profiles public, sells information to advertisers, tracks browsing habits outside of Facebook, and comonderes e-mail addresses. Fuck you Facebook. Your little butt-hurt whining means nothing to most people as you made billions off the deal anyway.<p>Seriously, Facebook screwed many people over in its short life. I can't help but get a little satisfaction out of their IPO issues and lower stock price.<p>Maybe if they at least pretended they gave a shit about anyone other than themselves they'd get more empathy from guys like me.<p>Boo hoo.

This is just a giant distraction from the fact that Facebook illegally disclosed select data about results to insider investors the week before the offering.

FB needs to focus on other things, rather than keeping the "failure" association in the minds of investors any longer than it needs to be. Changing to NYSE or whatever would be a huge waste of time. Markets are forward-looking. The primary message from investors is "we don't think you can make us money", not "we think your first-day market action remains terribly important, and we'll buy every stock you can sell us if you change exchanges".<p>So fix the real problem. If you fulfil all the potential we keep hearing about, investors will find your listing.

Everyone is blaming NASDAQ for issues that are not inherently NASDAQ's fault. The IPO "flopped" not because of the exchange but because demand wasn't there. Switching to NYSE won't magically change the price (and I'm pretty sure the price would have fell on the opening day if they listed on NYSE).

I'm sad the Google/WR Hambrecht OpenIPO thing wasn't even a consideration for Facebook.

I'm shocked FB is still trading at P/E = 99. This is pure insanity. It's going to collapse right after the first earning announcement.