Crowdfunding comes to the masses: Starting next year, even small investors will be able to buy equity stakes in private companies.
It’s been three years since the Jump-Start Our Business Start-Ups Act passed, giving startups the option to sell equity stakes online. But until the Securities and Exchange Commission (SEC) released a set of final rules on Friday, only accredited investors—those who meet required levels of income and assets—could buy them.
Though Facebook still stands firm on its policy, the social network is allowing users to provide greater context for their name choice.
Facebook has responded to a letter signed by a the Electronic Frontier Foundation, Human Rights Watch, and ACLU of California, requesting that it change its controversial “real name policy,” which requires that people use their legal name on Facebook. The groups argue that the policy is culturally biased against people who are transgender, have safety concerns about using their real names, or have legal names that don’t meet Facebook’s standard of “real names.”
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