article thumbnail

How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

Gust

The move came as a shock to many in the tech business community, in which we’ve become accustomed to real-time disclosure by company executives through social media. Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO.

SEC 158
article thumbnail

Probable and Improbable Lobbying Wins: The 1,000-stockholder Rule

Gust

Without these two laws (or their equivalent), the social media revolution of the past decade would have been stillborn. I will leave it to law professor Eric Goldman to articulate better than I could why “ this law mortally threatens the entire UGC community.”

IPO 110
article thumbnail

Transcript And MP3 Of My $180,000 Website Flipping Presentation

Entrepreneurs-Journey.com by Yaro Starak

To find that buyer, I pretty much contacted the people who were within my sphere of influence within the community of Magic – players, card store owners, people who traded cards. It’s just a forum, that’s all this is, a community forum with lots of people sharing an interest. A prospectus is what gets the initial interest from people.