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, 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.