on today's events making a lack of news (and a lack of people rich...)

[acroyear]

Left this as a comment at Cringely's site:

I believe (and a commentator at CNBC thinks so, too) that there were just too many shares put up for sale.  

The trouble with today was that the day-traders got hit first by not being in on the first 90 minutes due to the technical issues, and then the disappointments started.  The price didn't jump.  It didn't jump because there were just too many shares at play - no one set of sales could drive the price up because too many other trades were happening at the price already set.  Prices rise because of scarcity and demand, and there simply was no scarcity - there were just too many shares available for the demand.

The only people that made profits today were the companies that managed the trades on commission.  One would have had a bigger profit day-trading e-Trade than Facebook.