SEC charging Nasdaq $10 million in civil suit settlement over Facebook's IPO issues

SEC charing Nasdaq $10 million in civil suit settlement over Facebook's botched IPO

When Facebook became a public company in the summer of 2012, its initial public offering (IPO) didn't go quite as well as the company expected. It went poorly enough that the US Securities and Exchange Commission took action against the exchange which handled Facebook's IPO: Nasdaq. A civil suit filed against the exchange, alleging computer software errors that resulted in a lackluster IPO, was settled today -- the exchange will pay $10 million to settle the suit. The settlement, of course, doesn't mean that Nasdaq is confirming or denying the alleged issues its computer system incurred last year; said issues allegedly cost investors in the ballpark of $500 million. Probably best to un-friend Nasdaq now before things get awkward.

[Image credit: bfishadow]

Filed under: Internet, Facebook

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Source: Reuters

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Apple said to be offering replacements for 'very small number' of Apple TVs with WiFi issues

Apple said to be offering replacements for 'very small number' of Apple TVs with WiFi issues

The Apple TV has seen its share of issues crop up and then be fixed by software updates, but it looks like at least some are proving to be too difficult for some fresh firmware to fix. According to a support document obtained by 9 to 5 Mac, Apple has informed employees at its Apple Stores and authorized resellers that a "very small number" of third generation Apple TVs are eligible to be replaced due to persistent WiFi problems. Those replacements will be offered for up to two years from the original purchase date (free of charge), and you can check if the serial number for your device matches up with the affected units at the links below.

Filed under: HD, Apple

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Via: Ars Technica, MacRumors

Source: 9 to 5 Mac

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