businessweek.com - 11/21/2008
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The social networking giant received a waiver from the Securities & Exchange Commission so it can keep handing out equity to new employees By Spencer E. Ante Earlier this year the social networking site Facebook grew concerned that an obscure securities regulation might force the privately held ...
kara.allthingsd.com - 11/24/2008
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kara.allthingsd.com —
About three weeks ago, Facebook and Twitter ended
several weeks of serious talks, in which Facebook was...
offering to acquire Twitter for $500 million of its stock. While rumors of Facebook’s interest were brought up in an interview with ...
(more)
When Twitter Met Facebook: The Acquisition Deal That ...
blog.facebook.com - 11/24/2008
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blog.facebook.com —
Last Friday, Facebook won an important victory for
our users – and against spam and those who...
create it. We've all experienced spam – those unwanted and, sometimes, inappropriate marketing messages.
(more)
Making Facebook Safe Against Spam
businessweek.com - 11/21/2008
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Inside Stock Keeps Facebook from Public Spotlight
All Facebook —
... are facing during this major economic downturn. and Facebook would like to keep things that way. In a recent ruling from the Securities & Exchange Commission (SEC), Facebook has been deemed exempt from having to disclose financial results publicly, reports BusinessWeek. ...
Facebook Gets SEC Stock Exemption To Keep Hiring
Silicon Alley Insider —
... The rule that helped push Google (GOOG) to go public in 2004 won't affect Facebook: It won't have to disclose financial results after it hits 500 shareholders, BusinessWeek's Spencer Ante reports. Which means it can keep hiring -- and handing out equity -- as fast as it can afford. ...
Is the great Facebook stock sale over? [Jackpot]
Gawker: valleywag —
... Facebook's lawyers have sought, and obtained, an exemption. Part of the argument they made is that issuing RSUs won't create a market in Facebook shares. ...
Facebook scores SEC exemption
Between the Lines —
... that allows the company to not comply with the same law that pushed Google into becoming a public company. The exemption, reported by Business Week today, was granted on October 14 and allows the company to continue to grant restricted stock to employees. Under the law, a private company must disclose its financial information publicly once it hits $10 million in assets or 500 shareholders. But Facebook could be reaching the 500 shareholders threshold soon if it finds itself hiring new employees - and granting the stock incentive to new employees/shareholders. With the ...
Facebook Gets SEC Disclosure Exemption as Number of Stockholders Grows
Inside Facebook —
... But as Spencer Ante reports, Facebook has applied for and was granted an exemption which will allow the company to continue without publicly disclosing its finances. Fenwick & West’s Thomas Kim basically argued that Facebook’s restricted stock units should be treated differently, and the SEC agreed. ...
SEC Won't Enforce Rule That Would Make Facebook Finances Public
paidContent —
... Facebook isn't a public company and it isn't going to have to act like one any time soon. According to BusinessWeek, the SEC agreed that it won't enforce a rule that would require public disclosure of financial results when the number of equity holders hits 500 and the assets total more than $10 million because the only class likely to be affected covers employee equity granted through restricted stock units (RSUs). The RSUs won't be issued unless the company changes hands or launches an IPO. The SEC's promise of no action—the equivalent of an exemption— ...
Facebook Won't Be Rushed Into Going Public Like Google
Techdirt —
... Facebook's lawyers requested and received a special exemption from the SEC, allowing the company to not report its earnings publicly, even if it goes over 500 shareholders (which is likely to happen relatively soon). The exemption will remain in place until the company decides to go public or is acquired. You have to think that some folks at Google are kicking themselves for not trying to do the same thing. Either way, it's pretty clear that Facebook doesn't have the financial numbers that Google had at the time it went public, either -- so forcing Facebook to ...
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Movies are increasingly creeping online, as video sites like YouTube and Hulu are adding feature films to their extensive libraries. At the Google-owned YouTube, there is the YouTube Screening Room, which every two weeks, adds four new films _ ...