Quote:
Originally Posted by crockett
Why all of the sudden? Wasn't it a long term stand that they were gonna stay away from going public? Are they finally starting to see some competition from somewhere and want to do the money grab while still on top? Seems odd they are going public this late in the game being they are already on top.
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The limited for private companies is 500 investors before they have to start filing. FB is either there or about to be. Why not go public if you have to file reports anyway?
Congress is looking into changing the law to 2000 investors before having to publicly report.
To get around the 500 investor limit, companies like Goldman setup companies that only invested in facebook, meaning each "investor" in Facebook could really be 500 investors. I think there were some issues with them doing this as it was only done to skirt that requirement but I can't remember.