"It’s unclear what was behind the drop, though some I.P.O. experts guessed that technical delays may have prompted some panicked selling. The Nasdaq OMX Group posted a number of market status updates during the day, warning that some trade execution messages had been delayed. A little after 1 p.m., Nasdaq said that it is working on delivering those pending execution notices."
NYT
I know what it was, it was Eduardo's Curse; Mr. Saverin, as anybody that has seen The Social Network, knows, was upset because they took his money, and then they threw him out of the big shares.
It serves them well.
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