Barring any unforeseen setbacks, Wall Street is aflutter as Thursday marks the latest in social media IPOs – Twitter…and we all remember how well Facebook’s IPO went.
Stock Exchanges Compete for Technology Company IPO Listings – Twitter Chooses NYSE, but Who’s Really Winning?
These are interesting times for technology companies that are contemplating initial public offerings. For companies of sufficient size, the exchange for the listing of their securities generally comes down to the New York Stock Exchange and the Nasdaq Stock Market.
Twitter has created a governance structure so simple that it can be described in 140 characters or less. Maybe something like, “$TWTR has single-class stock but staggered Board. #notpushingtheenvelope.”
My, how time flies. Only four years ago, co-founder Jack Dorsey was still trying to figure out how, exactly, to define Twitter. Last week, Twitter filed its Form S-1 — the public prospectus required ahead of an initial public offering — with the Securities and Exchange Commission.
Despite the government shutdown, the Supreme Court is in for the 2013-2014 session. There are a couple of privacy cases on the agenda:
The Federal Trade Commission (FTC) has approved social media heavyweight Twitter’s $350 million stock acquisition of MoPub.
The next big tech IPO is in the works. Twitter, the hugely popular short message social media site, announced last week that it has filed a Form S-1 registration statement with the SEC in connection with the company’s proposed initial public offering. This IPO has been rumored and anticipated for some time, and it will generate substantial interest among members of the tech and investment communities.
Even though I am no longer practicing construction law, I try to keep up with whether and how my former clients are using social media. I have discovered that not one CEO or GC of my largest clients are on Twitter. But, interestingly, the companies have a Twitter accounts and use it as an internal and external communications tool.
I recently presented at the American Bar Association annual conference in San Francisco on “Why Tweeting Doesn’t Make You a Twit!” I was shocked and amazed at the number of attorneys I spoke to who still don’t believe that using social media is an effective way to acquire more clients, establish credibility and get a steady stream of referrals.
In dismissing a claim for violation of Fourth Amendment rights, the United States District Court for the District of Nevada in Rosario v. Clark County School District, No. 2:13-CV-362, 2013 U.S. Dist. LEXIS 93963 (Nev. Jul. 3, 2013) recently became the latest court to hold there is no reasonable expectation of privacy in Twitter tweets.