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UBS decried a proposal from Nasdaq to make up losses for firms damaged in the Facebook stock-market debut, joining a growing chorus of Wall Street players that are calling on regulators to reject the exchange operator's plan.
Most everyone in Silicon Valley and on Wall Street agrees: The eventual IPO of social-networking site Facebook could make its founder the world's richest 25-year-old. Yet CEO Mark Zuckerberg seems intent on deferring that multibillion dollar payday.