When a company files to go public it has to lay out in black and white the biggest risks that face the firm. What could kill it? What could undermine its business? Wipe out all its investors' money? Executives are required to reveal this by law.
Originally published on Fri February 3, 2012 1:23 pm
Before we finish the week, we have to pass on at least one more story related to Facebook's plan to raise about $5 billion with its first sale of shares to the public.
It seems that Cameron and Tyler Winklevoss — the "Winklevii" twins — could get up to $300 million worth of Facebook shares when the deal goes through.
For years, Rep. Louise Slaughter, D-N.Y., toiled away in virtual obscurity on the Stop Trading on Congressional Knowledge Act.
"Six years," says Slaughter. "A lot of hard work."
The STOCK Act would, among other things, explicitly ban insider trading for members of Congress and their staffs.
Economists say fallout from the struggling stock market is likely to delay the sluggish recovery in many states, including Colorado.