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Facebook IPO Embarrasses Nasdaq

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  • Description

    FBN’s Stuart Varney sounds off on the Facebook IPO and its trading mess.

  • Duration 1:12
  • Date

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All right everyone here's my take on FaceBook what a disappointment for investors what an embarrassment for the NASDAQ what -- mess for the banks.

And many of you were expecting Facebook's talked to go straight off well it didn't -- it.

-- is a disappointment to all those individual investors who were hoping for another Google one other apple.

The chance to get into America's great new company brought many people back to -- That interest really faded fast didn't it come when you try to get in the -- clicked on Bonnie.

Nothing happens you didn't know what happened to your money period.

And that brings us to the embarrassment of the trading system despite all the prep time but certainly didn't walk properly.

But the biggest stock saying in recent memory it is a chronic embarrassment when the system can't -- and it didn't.

And then there's the banks that they price FaceBook to -- leaving nothing for the little god shall looks like it.

And now they have to support its -- make noises that they gonna support it at great cost to themselves front.

I don't know with a Facebook's a good investment or about investment and I have no clue whether stock is gonna go in the future but we all -- took -- -- last Friday.

And it's not much better this Monday morning is.

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