Facebook to join Apple, other tech firms on Nasdaq

“Facebook Inc. is going to be ringing the Nasdaq Stock Market’s bell,” Chris Dieterich, Jacob Bunge and Steven Russolillo report for The Wall Street Journal.

“Nasdaq OMX Group Inc. scored the planned stock-market listing of the social-media company, according to people familiar with the matter. The win gives Nasdaq one of the most-coveted deals among the new crop of Internet companies and a leg up in the race for technology IPOs,” Dieterich, Bunge and Russolillo report. “Securing Facebook’s listing burnishes Nasdaq’s reputation in the high-tech arena. The exchange is home to firms such as Apple Inc. and Google Inc.”

Dieterich, Bunge and Russolillo report, “Shares in Menlo Park, Calif.-based Facebook will trade under the symbol FB, previous filings said.”

Read more in the full article here.

MacDailyNews Note: Today is Good Friday. As such, the U.S. financial markets are closed for the day. We will resume our normal posting schedule tomorrow.

12 Comments

  1. I hear people talking about buying FB shares and shorting them pretty often now. Unfortunately they’re the types that don’t understand much about the stock market.

    They just see dollar signs, and probably won’t even have a funded trading account set up when the bell rings anyways. But, you never know! Good luck out there!

  2. MDN, why would you say “As such, the U.S. financial markets are closed for the day.”??? What does the financial markets being closed have to do with MacIntosh news? Does the news only occur when the markets are open? Does the Apple world stop spinning when the US stock markets close? Do all the world’s stock markets close for a Christian holiday?

  3. Some analysts say Facebook will be a huge mid term loss.
    USA Facebook signup growth is negative for several months in a row. And the ads on Facebook are not really working for their customers…
    On the other hand Apple will be a mid term win, probably the first trillion dollar company.
    They got the tech era at its balls, and they won’t quench it (too hard).
    Is there anything out there that works better together than a Mac plus an iPhone, connected with iCloud ?

    Just let me know and I’ll buy their shares !

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