http://www.zerohedge.com/news/nasdaq-lying-about-…
The NASDAQ said that they would've called the Facebook IPO off if they had known how awful it was going to turn out. But did they actually already know? And did they just execute the IPO anyway to avoid financial and reputational loss? The article above is pretty interesting and might offer an answer to these questions.
Y2K all over again. when will wall street learn over exuberance only ends badly.
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