Twitter And 37 Other Internet Startups Are Fighting The SEC’s “500 Shareholder” Rule
By Lauren Dugan on December 14, 2011 12:30 PM
They might not be your typical working-out-of-a-garage operations, but Twitter and Gilt Groupe are fighting to ease restrictions on startups.
Specifically, they’ve joined forces with 37 other internet-based startups to urge Congress to pass new legislation that would remove the requirement that businesses reveal their financial data when they reach 500 or more shareholders.
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Twitter beats even Facebook when it comes to the social network of choice for financial services companies.





Nadine Cheung
Editor, The Job Post
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