Beijing time on July 2 morning news, according to informed sources, although the Nasdaq failure destroyed the highly anticipated Facebook IPO (initial public offering), but the company executives eventually decided to continue trading in the market. 

Facebook executives have privately complained about NASDAQ OMX technology failures destroy the company shares starting May 18 and was considered to NYSE listing. But informed sources, Facebook has decided to stay in mid-June on the Nasdaq. 

Prior to this, the Nasdaq executives have been trying to repair relations with Facebook, and expressed willingness to pay $ 40 million compensation to the broker. While the big Wall Street NASDAQ market makers have criticized mishandling of the matter and limited the amount of compensation, but Facebook has not publicly complained about the matter, but in private veiled criticism. 

IPO's poor performance has resulted in up to $ 100 billion Facebook valuation has been questioned. The company in 2011 revenue $ 3.7 billion, an increase of 2012 is expected to slow down, mainly due to the rapid development of mobile platforms. Analyst price target to Facebook formulate an average of $ 37.71, below the issue price of $ 38, most of the investment bank to give its holders (Hold) rating. Unit 5 June hit its lowest point of $ 25.87. But since June 15, the stock has steadily rebounded last Friday to close at $ 31.10. 

Although Facebook's decision to some extent defended NASDAQ status, but technical failure has led to the company's relationship with many large customers alienated and triggered regulatory investigations. U.S. Securities and Exchange Commission (SEC) is considering whether to upgrade the system to force the Nasdaq.

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