Liz Gannes

Recent Posts by Liz Gannes

House Approves Revised Crowdfunding Bill, Sends It to Obama

The U.S. House of Representatives today passed with a vote of 380-41 a final version of the JOBS Act, revised to conform with the Senate version. The new bill reduces the amount that unaccredited investors are allowed to contribute to “crowdfunding” for small companies. It also pushes the maximum number of shareholders a private company can have without falling under financial reporting regulations to 2,000, from 500.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald