The big day has finally come for Mr. Zuckerberg.  Unfortunately, it was not without error.  The technologoy in charge of maintaining the NASDAQ stock-pile (pun intended) suffered a glitch while tests were being conducted on the integrity of the system.  The people in charge, while caught off guard, were very quick to deliver their apologies to Mr. Zuckerberg and his staff, and they have said that the glitch in question has had no impact on share prices.  However, just a day after the initial sales began, Facebook stock took a noticeable hit; starting from $42.08 to $38 in a very short time. 

"Design problems with Nasdaq's technology interfered with Facebook's IPO, the stock exchange's chief executive acknowledged today.

Tests conducted ahead of Friday's highly anticipated offering failed to detect problems with order cancellation, Robert Greifeld told reporters in an interview reported by The Wall Street Journal. He said Nasdaq was "humbly embarrassed" by the problems.

"This was not our finest hour," he said, adding that Nasdaq's board met Saturday to discuss the matter.

However, he maintained that the glitch was not responsible for the plunge in share price the stock experienced. Not long after the stock began trading Friday at $42.05, shares tumbled to their $38 offering price."

Source: C|NET

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