"I felt that had Mr. Zuckerberg worn a jacket instead of a hoodie (showing [investors] that he respected them enough to “dress up”), he would have made a statement to them that he cares about their needs, and will act in their best interest. He chose not to make that statement, and the current share price demonstrates that investors have chosen not to support Facebook shares." — Wedbush securities analyst Michael Pachter • Blaming Facebook’s IPO flop on Mark Zuckerberg’s choice of jacket. Well, okay, he didn’t really blame it all on Zuck’s clothes: “The flop is 100% a function of a supply/demand imbalance,” Pachter wrote. “The company and its underwriters misjudged demand, and simply issued too many shares. There is no question that had this deal been 1/3 the size, the market would have absorbed it and the deal price would have held.” source (via • follow)

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What’s taking so long? According to Bloomberg TV, NASDAQ is having problems handling such a large IPO, causing delays in launching the stock. Zuck’s a programmer — perhaps they should put him on the case. EDIT: CNBC is reporting that the delay is causing NASDAQ’s stock to fall.