Report: Stock trading via Facebook coming
Let’s say you want to buy shares in ACME Corp. and don’t want to pay a fee or go through a discount brokerage firm.
Facebook CEO Mark Zuckerberg (AP)
Facebook, which will become publicly traded soon, will allow ACME and thousands of other companies to offer their stock through their company Facebook page by June, according to a Business Insider report.
The transactions will be free to the investor, with no brokers involved, the website reported, citing a former Facebook executive appearing at an Ad Age digital conference.
Chris Kelly, a former Facebook chief privacy officer and now a director at Loyal3, said there will be a $2,500-a-month cap on investments to deter day traders. Loyal3 has developed a platform for buying and selling stock.
According to Business Insider and other market speculation, Facebook’s initial public offering could come toward the latter part of May and the company could have a valuation of at least $100 billion.
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One comment Add your comment
rally
April 20th, 2012
7:26 pm
and this is why Facebook secured Instagram for biometrics because you will now be labeled a criminal and yet these are non fraud companies right???????? After all Instagram had no revenues and secured a 50 million dollar loan with nothing to backit up. Facebook swoops it up for a cool billion and sucks the 50 million out. I SAY THAT”S FRAUD. Its play money to go around in their casino. No way in hell should there be a stock market trading option on Facebook. Mark Zuckerberg ought to be in jail in my opinion….anyone who lobbies for Obama is a crook and a thief.