# Prof. Joel Hasbrouck on how the divergent valuations of Facebook affected NASDAQ

1 Faculty News May 21, 2012 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://www.foxbusiness.com/investing/2012/05/21/facebook-fallout-looms-over-electronic-exchanges/) -- " ... [Joel Hasbrouck](http://w4.stern.nyu.edu/faculty/bio/joel-hasbrouck), a finance professor at NYU's Stern School of Business, who believes the troubles suffered by Nasdaq were a function of 'wildly divergent beliefs' about Facebook’s valuation. 'That would stress just about any market,' he said"

[Read more](http://www.foxbusiness.com/investing/2012/05/21/facebook-fallout-looms-over-electronic-exchanges/)