The Google Trade Screwup

from the yeah,-yeah,-we-know-about-the-IPO dept

Since everyone else is writing about the IPO there didn't seem to be much to add. However, there was one funky thing that I was surprised didn't get much more attention. When I first got to the computer in the morning, I checked to see what the Google share price was actually at... and the last trade showed a price of $135, which seemed quite surprising. Underneath it, though, there was a quick note from the NASDAQ saying that two trades had accidentally been posted prior to trading in the shares. Of course, a few minutes later, the shares started trading for real, and everyone forgot about the accidental trades. Now, in the aftermath, the NY Post has a short story noting how the NASDAQ screwed up, if only briefly. Of course, the NYSE was only thrilled to use this as a reason why you should trade there instead of on the NASDAQ.

Add Your Comment

Have a Techdirt Account? Sign in now.
Name
Email	Get Techdirt’s Daily Email
URL
Subject
Comment	this is for spambots, do not use this
Options	Plain Text HTML
	Save me a cookie

Plain Text: A CRLF will be replaced by break tag, all other allowable HTML is intact
HTML: No formatting of any kind is done without explicitly being written in
Allowed HTML Tags: <a> <blockquote> <hr> <tt>

<< The First Rule Of The Olympics: You Can't Talk About The Olympics | Will A DirecTV Customer On Comcast's Payroll Switch? >>

Search Techdirt

And now, a word from our Sponsors..

15% off discount for Techdirt Readers

Subscribe to Techdirt's Daily Email Newsletter