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Submission + - NASDAQ Might Be Sued Over Facebook IPO (itworld.com)

jfruh writes: "On the day of the Facebook IPO, the NASDAQ's trading systems sufferend multiple failures and couldn't confirm buy orders for several hours. Big banks buying shares for their funds and customers placed mutliple orders as a result, and bought more Facebook stock than they intended to as a result. NASDAQ has agreed to set up a fund to compensate them for their losses, but apparently this isn't enough for Swiss bank UBS, which is threatening legal action."
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NASDAQ Might Be Sued Over Facebook IPO

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Is it possible that software is not like anything else, that it is meant to be discarded: that the whole point is to always see it as a soap bubble?

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