For all those in a tizzy about Facebook's deal with Goldman Sachs, which some think is designed to circumvent securities rules related to shareholder numbers and financial disclosure, meet Section 12(g)(1) of the Securities Exchange Act of 1934.
Because if anyone cared to read the actual text of the ruling in question, even if it was determined that Facebook had 500 shareholders at this very moment, it is not technically required to disclose any of its financial details until the end of April of 2012.
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