Nasdaq May Be on the Hook for Facebook Trading Glitches

I recently read the article called Nasdaq May Be on the Hook for Facebook Trading Glitches by Charlie Gasparino. This article was brought to my attention because all of the problems that happened last friday affected my dad's work. On friday 20% Facebook became a public company meaning the general public can start to purchase shares of stock in the company. Facebook decided to use Nasdaq as a system rather then NYSE. Because it was such a large amount of shares and such companies such as Merrill Lynch, Goldman Sachs, Royal Bank of Canada, Morgan Stanley and JP Morgan. Since it was such a huge deal and there was more information then there was space to hold the information the system crashed and shut off for about 30 minutes. They still aren't sure what happened with all of the stocks being sold and bought. Facebook becoming 20% public was such a huge deal that hopefully it will help our economy as a nation overall.