Stuck on Stupid: UBS May Have Facebook Trading Loss of $350 Million
Published: Friday, 8 Jun 2012 | 2:15 PM ET Text Size
By: Maria Bartiromo
UBS is sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public offering, and is preparing legal action against Nasdaq as a result, people familiar with the matter told CNBC.
That loss is some ten-times more than the $30 million number that is currently being speculated in the market by others.
