Internet giant Google (NASDAQ: GOOG) last week announced that it was buying a stake in peer-to-peer financing platform Lending Club.
The transaction, which effectively values Lending Club at around $1.55 billion, validates much of the thinking around crowdfunding.
The central premise of crowdfunding is that a large group of people, with access to transparent information and the ability to communicate in real time, will make efficient decisions with their own money. It was for this reason that Congress amended the Securities Act of 1933 in the 2012 JOBS Act to open the doors to crowdfunding in the U.S.
To read the full, original article click on this link: Google Invests in Crowdfunding - PointOfLaw Forum
