Silicon Valley-Backed Venture Cleared to Become 14th U.S. Stock Exchange

📆 5/10/2019 10:15 PM
📰 WSJ

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Will Silicon Valley startups flock to the newest U.S. stock exchange?

Regulators approved a plan backed by Silicon Valley heavyweights to launch a new stock exchange that could appeal to hot technology startups.

The Securities and Exchange Commission signed off on the Long-Term Stock Exchange’s application to become a national securities exchange, according to an order posted on the agency’s website on Friday. Investors in LTSE include Peter Thiel’s Founders Fund, venture capitalist Marc Andreessen and a venture firm co-founded by Ev Williams, former chief executive officer of Twitter Inc.

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Wild, devil-may-care.

Lol

Will it make a difference when dotcom 2.0 bursts? How many of them are actually making money?

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