nasdaq

Updated at 2:33 p.m. PT

In the end, all of Facebook's major shareholders and insiders who cashed out today got their big payday. It just took a little bit longer for the company to celebrate than initially anticipated.

Facebook this morning was expected to go public at about 8 a.m. PT. However, the shares didn't start trading until approximately 8:30 a.m. PT, causing some to wonder what might have caused the hiccup. During that period, Bloomberg reported that it had received an e-mailed statement from Nasdaq, saying only that it was "experiencing a delay.&… Read more

Facebook's recent IPO filing and upcoming debut on the Nasdaq may be eliciting speculation of weak demand, but some sources say the social network is doing just fine in rounding up investors.

According to Reuters, which spoke to sources familiar with the share listing, Facebook's IPO is "already oversubscribed." The news source reported that institutional investors have currently "indicated demand for more shares than Facebook has available."

But it hasn't been so rosy up til now. Just yesterday, news broke that the social network amended its S-1 filing with the SEC to emphasize … Read more

While Facebook has been battling Yahoo over patents on the West coast, the New York Stock Exchange and the Nasdaq have been battling for Facebook's business on the East.

The winner is reportedly the Nasdaq, which has long been home to high-tech public companies. The stock will trade under the ticker, FB, The New York Times is reporting.

The Nasdaq built its business by housing some of the biggest names in high-tech -- Microsoft, Apple, Google and Intel among them -- but the NYSE has been aggressively trying to lure new issues. Last year, for instance, it landed LinkedIn … Read more

Add Yelp to the growing list of freshly public tech companies.

The local-reviews site today set its initial trading price at $15 a share, a little higher than observers had expected, valuing the company at $898 million.

Yelp's revenue, achieved by selling ads to local businesses, climbed 74 percent to $83.3 million in 2011. However, its losses widened to $16.7 million from a year-earlier loss of $9.7 million as total costs and expenses rose. The company says it doesn't expect to be profitable in the near term because it's still focused on investing in … Read more

Wall Street banks and financial companies vulnerable to hackers from abroad are getting a helping hand in defense from the nation's top security officials.

The National Security Agency has been sharing key intelligence about foreign hackers with financial firms to help them combat cyberattacks, according to a story published yesterday by Reuters.

Citing interviews with U.S. officials, security experts, and defense industry executives, Reuters said that the effort is based on growing concerns in the U.S. over the damage that would result from financial sabotage. Envisioning several "worst-case scenarios," government officials point to the possibility … Read more

The hackers who attacked the Nasdaq last year were surreptitiously spying on public company board of directors, a new report claims.

According to Reuters, citing sources with knowledge of the ongoing investigation into the Nasdaq breach, the hackers were able to access Nasdaq's Web-based software program, Directors Desk, to spy on company executives. According to Reuters, the software is used to facilitate communication and document sharing between Nasdaq and public companies.

Hackers reportedly breached Nasdaq defenses last year, but news of the breach wasn't made public until earlier this year. According to a report in February, it was … Read more

Apple's stock is still very much in demand despite recent concerns that a lightening of its shares on the Nasdaq 100 would lead to a sell-off and thus a price drop, according to Reuters.

In an attempt to rebalance the weighting of companies on the tech-heavy Nasdaq 100 index, the exchange recently shrunk the percentage taken up by Apple to 12.33 percent from 20.49 percent--the largest individual change. At the same time, Nasdaq bumped up the weightings on the shares of other tech giants, including Microsoft, Cisco Systems, Google, Intel, and Oracle. Such weightings are used by … Read more

The Nasdaq stock exchange will cut the weighting it gives to Apple on a key index at the same time that it boosts the weighting for tech titans including Microsoft and Cisco Systems.

In a major rebalancing of the tech-heavy Nasdaq 100 index, which will go into effect ahead of the market open on May 2, the exchange aims to better reflect the current market values of several significant companies. For example, Apple's weighting on the Nasdaq 100 is currently more than six times that of Microsoft, even though Apple's market value is only 46 percent larger, according … Read more

The National Security Agency has joined the investigation into last October's cyberattack on the computer network of the company that runs the Nasdaq stock exchange, according to a Bloomberg report that cited people familiar with the probe.

The top U.S. electronic intelligence agency will reportedly join efforts by the Secret Service and Federal Bureau of Investigations into a security breach at New York-based Nasdaq OMX Group. When the intrusions were revealed in February, it was thought that they had not compromised the tech-heavy exchange's trading platform, which executes investors' trades, but it was unknown which other sections … Read more