The online private equity market lays off approximately 10 percent of its staff relating to Facebook's upcoming IPO.
The company, which facilitates equity transactions for non-public companies, says consumer Web and social media demand hit $264.9 million in value during the second quarter.
SecondMarket is expanding beyond tech as IPOs are about to cost it some of its biggest customers.
Startups like Pinterest are gaining traction on SecondMarket, but it'll take a lot to make up for losing Facebook.
The marketplace for alternative investments is expected to lay off more than 20 percent of its staff tomorrow, CNET has learned.
We talk with CEO Barry Silbert and how he hopes to bring real value to startups who don't want to go public.
The market for trading private stocks continues to grow, with the greatest interest in consumer-web and social startups.
It seems like everyone's a winner according to SecondMarket's latest Private Company Report. Investors are investing and some little startups are getting lots of attention.
Facebook and its bankers were in a bind when pricing shares because the stock had already traded so high on the private market.
Private aftermarket values Facebook at north of $100 billion. Will public market track it?