Zuckerberg Might Ring Opening Bell From Facebook HQ On Friday

Posted on May 15 2012 - 4:59am by Editorial Staff

This probably would be a rumor as it turns out to be a big day for Mark Zuckerberg and everyone who is connected with Facebook. The rumor is that the social giant co-founder and CEO Mark Zuckerberg won’t be in New York on Friday, when his company is expected to go public. He will remain in company’s headquarters in Menlo Park. It means he will be ringing the Nasdaq bell remotely, instead of ringing the bell at Nasdaq’s centre, according to CNBC, via Twitter.

News Alert: Facebook to ring opening bell remotely from Menlo Park HQ – Zuckerberg will stay at Menlo Park headquarters $FB

Here’s how it works, according to the Nasdaq Remote Open and Close Fact Sheet:

  • The Opening and Closing Bell is a ceremonial event that represents The NASDAQ Stock Market’s virtual market model.
  • Given NASDAQ’s electronic model, NASDAQ can be opened remotely from any location and is used to mark important corporate milestones from NASDAQ listed companies and for other celebratory occasions.
  • The Opening and Closing Bell events are symbolic ceremonies that represent the open and/or close of the NASDAQ trading day, which brings together investors and market participants from around the world to trade electronically.
  • The NASDAQ remote ceremonies are held from locations outside the NASDAQ MarketSite, however, are simultaneously displayed live from NASDAQ’s MarketSite broadcast studio and seven-story tower in Times Square.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.