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Here's the original article from WSJ: http://online.wsj.com/article/SB10001424052748704071304576160881058764852.html http://online.wsj.com/article/SB10001424052
by jdp23 16y ago
Here's the original article from WSJ: http://online.wsj.com/article/SB10001424052748704071304576160881058764852.html http://online.wsj.com/article/SB1000142405274870407130457616...
NY Mag speculates as to why. "It might have been that the rapid growth of sites like SecondMarket and SharesPost are making it easy for early shareholders to unload stock at a time when Facebook valuation is $50 billion one month and $84 billion the next. It might also have dawned on the SEC that it's not in the middleman's interest to keep the stock at a fair value. Or perhaps the SEC realized that there's a multibillion market for companies that might soon be unleashed on the public operating with little to no government oversight."