Monday, April 11, 2011

I Wasn't Kidding when I Called It the Facebook Securities Exchange Commission

The agency is considering whether to let fast-growing companies use social networks such as Facebook and Twitter to raise funding by tapping thousands of investors for small amounts of money, WSJ reports.

Web sites for years have attempted to raise money for start-ups, but now that Obama's new buddy, Zuckerberg wants to do it, suddenly the SEC is looking at the possibility seriously. Of course, there will be heavy resistance to this one from Wall Street.


  1. What better way to persuade the banksters to open their wallets and dole our more rent?

  2. Wall Street owns Zuckerburg. It's a done deal.