SEC approves Silicon Valley stock exchange backed by Marc Andreessen

marlucco (51)in #dlike • 5 years ago

The U.S. government on Friday approved the formation of a new Silicon Valley stock exchange following a regulatory snag late last year.
Backed by venture capitalist Marc Andreessen, the Long-Term Stock Exchange was born out of concern about the stock market’s focus on near-term profit.
“It sounds too good to be true for people out here ... today’s announcement from the SEC is a huge step,” LTSE Holdings CEO Eric Ries tells CNBC.

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