NASDAQ CEO: ‘Arrogance’ Contributed to Facebook IPO Problems

Start your day with TPM.
Sign up for the Morning Memo newsletter

NASDAQ chief Robert Greifeld said this weekend that “arrogance” and “overconfidence” by staffers contributed to the issues faced by the Facebook IPO last month. 

“Testing didn’t account for the increasing volume at which cancellations can come in,” Greifeld told a conference at Stanford University’s Law School on Sunday, according to The Wall Street Journal

Latest Livewire
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: