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Posts Tagged ‘SEC’

Twitter And 37 Other Internet Startups Are Fighting The SEC’s “500 Shareholder” Rule

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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Social Media 201

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SEC Looking Into Twitter’s Private Stock Trading

Rumors are floating around today that the US Securities and Exchange Commission (SEC) is conducting a probe into the private trading going on in companies like Facebook and Twitter. Twitter isn’t traded publicly, and the SEC wants to know more about the private deals that go on behind closed doors.
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