| jrwren | chrome is going to start intercepting ALL of our traffic. https://chromestatus.com/feature/5111460239245312 | 12:52 |
|---|---|---|
| Scary_Guy | "feature" | 18:03 |
| jrwren | its a feature for their revenue :p | 18:13 |
| cmaloney | Starting to think this whole Google thing is a mistake | 18:56 |
| jrwren | it was fine until they went public with IPO | 19:02 |
| jrwren | and that WAS a choice, which proves that they were evil before that even. | 19:02 |
| jrwren | by contrast, other companies have been forced to go public by SEC regulations the same as GOOG was, but instead, they simply said, OK and rather than IPO started filing S1 and their shares were traded OTC. | 19:03 |
| Scary_Guy | Forced to go public? That sounds like bullshit to me. I mean I have no doubt they did it, but that someone can't run their private company how they want to. | 19:19 |
| jrwren | SEC doesn't allow companies to have more than 2000 individual investors. | 19:55 |
| jrwren | GOOG gave options to their employees. | 19:55 |
| jrwren | once they reached 2000 employees, they had more than 2000 individual investors and was forced to go public. | 19:55 |
| jrwren | that is up from 500 it was at the time. | 19:56 |
| jrwren | so they reached 500 investors and had to file with SEC. | 19:56 |
| jrwren | but they weren't forced to IPO. | 19:57 |
| jrwren | they could have just continued to be traded OTC and filed S1 with SEC | 19:57 |
| jrwren | but they choose the IPO route. | 19:57 |
| Scary_Guy | Lame. So could they just add to a general fund and that fund then invest? | 19:57 |
| Scary_Guy | I like loopholes around dumb rules | 19:57 |
| greg-g | simple shell games are usually illegal/explicitly thought about :) | 19:59 |
| jrwren | if I were an employee/investor at the time, even without the IPO, I'd be happy about the required filing and my ability to trade the shares that I own. | 20:01 |
| Scary_Guy | Apples to oranges, and anyone dumb enough to play should be allowed to. Stock trading is really just legalized gambling on a grand scale. | 20:09 |
| jrwren | trading yes. you'll notice SEC doesn't say, 500 traders, because before a company is publicly traded, there aren't traders, there are only investors. | 20:29 |
| jrwren | if investing is gambling, you won't be doing either for very long. :p | 20:29 |
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