Facebook to Remain on Nasdaq, Facebook Inc. executives have decided to keep the company's stock listing on the Nasdaq Stock Market, despite lingering frustration with the exchange's bungling of its widely anticipated initial public offering.
They determined a move would further drain confidence in the company's battered shares.
Facebook executives have quietly blamed Nasdaq OMX Group Inc. for the technical glitches that marred the stock's May 18 debut.
While the company considered a switch in the days after the IPO, Facebook had decided by mid-June to stay put for now, according to people familiar with the company's plans.
Facebook to Remain on Nasdaq
