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Three popular social networking site agreed to prohibit investors sold shares in the stock alternative. All three sites are: Twitter Inc, LivingSocial.com, and Square.

A source who did not want to be named said, the third site was intended to curb investor by limiting the number of shareholders. Twitter sendin had asked investors to refrain from selling shares in the stock alternative.

Square Inc. has sent a contract even ban investors sold shares in the stock of this type. The site LivingSocial still consider a similar attitude.

One of the prohibition of Twitter and the Square it is prohibited to sell investors on secondary markets such as SecondMarket Inc. and SharesPost Inc.. Through an online exchange that has been buying and selling stake in Facebook Inc., Zynga Inc., and Twitter.

Twitter is currently trying to raise money management 800 million U.S. dollars to buy back shares from the hands of the employee and the original founder.
One of the people who transact in the secondary market it is Yuri Milner of DST Global, investors from Russia. It's not just Twitter, Milner also buy stake in Facebook and Zynga.

However, Matt Graves, spokesman for Twitter declined to comment on this ban. Brendan Lewis from LivingSocial also put up a similar attitude.

(kompas)