SkyNet Wars: Presenting The Rogue Algo Responsible For FaceBook’s Downfall | ZeroHedge

Back on March 27, following the epic disappointment that was the BATS IPO, we presented a detailed forensic analysis courtesy of Nanex, which demonstrated step by step how a Nasdaq-borne algo may have been the culprit shattering BATS’ hopes of ever going public. Fast forward two months later to the most anticipated IPO in recent history, in which FaceBook’s even more epic, if not quite as stark, implosion has set back the general public’s faith in capital markets decades back. The irony, of course, is that FB didn’t do anything that many weren’t warning about: it simply plunged which would make perfect sense in a normal world.

via SkyNet Wars: Presenting The Rogue Algo Responsible For FaceBook’s Downfall | ZeroHedge.

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