Earlier quoted context omitted.
This isn't about the support level of Facebook's share price. UBS claims that NASDAQ was de facto dysfunctional. Too many buy orders were triggered, cancellations not being fulfilled and so on.
True, but the implication was that a lot of their FB activity was executed by their traders on behalf of their (now unhappy) clients. It's my opinion that this lawsuit wouldn't be happening if FB's stock was at $50.
>> this lawsuit wouldn't be happening if FB's stock was at $50
maybe not from UBS, but probably from somebody else. if you were putting in excess short sell orders at the open an FB had gone up, you'd be in the same position UBS is in right now.