Is Facebook [FB 32.00 ] looking to make a change?
In the wake of a series of embarrassing technical glitches that marred Facebook’s first day of trading on the Nasdaq [NDAQ 21.81 — UNCH ], the social networking giant is now open to moving its listing to rival exchange New York Stock Exchange [NYX 24.83 ], according to two people familiar with the matter.
While these people say that multiple NYSE officials have reached out to Facebook regarding such a move, the NYSE maintains that “no discussions” have taken place, nor would those discussions “be appropriate at this time.” Facebook remains open to engage in these discussions, according to people familiar with the matter.
On Friday, Nasdaq suffered a major public-relations setback when the exchange’s computer systems were overwhelmed with Facebook orders, causing a system freeze, and significant issues with transactions totaling some 30 million shares.
Read more at CNBC.
