Facebook Slams IPO Door, Zombie Hedge Funds, Activist Investors Get Bold, Can't Lose Investments, and More

The destruction of the IPO market by Facebook's botched public offering, the haunting of zombie hedge funds and Wall Street's struggles to attract new IT talent are just a few of the topics people on the Street were discussing this week.
June 08, 2012


7. A Dollar Short

It's underwhelming at best. Nasdaq has got to go back to the drawing board and come up with something else.

—Thomas Joyce, CEO of Knight Capital Group, on Nasdaq's plan to compensate clients affected by the Facebook IPO debacle with $40 million in cash rebates.

Source: MSNBC.com: Trading exec slams Nasdaq's Facebook IPO fix

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