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It's been about three weeks since the Facebook IPO debacle on theNasdaq, which was plagued by delays and glitches . So far the total tab of losses being claimed by customers fromtrading shares of Facebook on Nasdaq is around $500 million . UBS alone claimed that it lost $350 million . Now The Wall Street Journal is out with a detailed behind the scenes report of what happened during the social network's highly-anticipateddebut as a publicly traded company. Basically, the Nasdaq's CEO Bob Greifeld was cut off from allcommunication for about five hours during the trading day. Here's what happened. On May 18th, Nasdaq's Greifeld was seen wearing a gray t-shirt fist pumping next to Facebook's CEO Mark Zuckerberg during the opening bell ceremony, which took place remotely at thesocial network's Melno Park, California headquarters. That was at 9:30 ET (or 6:30 in Silicon Valley) and Facebook wasn'tdue to start trading on the Nasdaq until 11 a.m. ET that morning. After the opening bell ceremony, the hints of trouble started. Nasdaq experienced an influx of order cancellations in Facebookshares jamming up the system causing trading to be pushed backuntil 11:30 ET, according to the WSJ report. Greifeld told The Journal that he thought he would be more useful if he was back at hisoffice in New York so he decided to head to the airport. He toldthe newspaper that once he got through airport security tradingseemed to be going smoothly. At around 12:14 ET, Greifeld boarded a United flight from SanFrancisco to Newark, NJ missing the intra-day trading mess. While flying in business class, Greifeld could not be reached forabout five hours because he had an armrest phone that didn't workand no Internet access during the flight, according to the WSJ'sreport. Greifeld even missed a telephone call to his office in New York atthe end of the trading day from SEC Chairman Mary Schapiro . He did return her call later that afternoon when he landed. SEC officials plan on going through Nasdaq executives phone callsand emails from the Facebook IPO, sources told the Wall Street Journal. DON'T MISS: Here's The Inside Story Of What Happened On The Facebook IPO SEE ALSO: OK, Here's How To Fix The Rules That Enabled The RidiculousFacebook IPO Scandal... We are high quality suppliers, our products such as Outdoor CCTV Camera , HD CCTV Cameras for oversee buyer. To know more, please visits Bullet IR Camera.
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