Location: The Couchsurfing Project >> We are upset that CS has become a for-profit corporation
Is CS a publicly traded company now?
Can I look up CS on the stock exchange and see its current value and share price (as I can for Facebook or Google)?
Some one please explain this to me.
No, you can't look it up and you cannot buy it. Couchsurfing International Inc. is a privately owned company founded in Delaware and registered to do business in California which refuses to publish its by-laws and to say who owns what share of it.
If you want to part with money, give it a a reputable charity. There are hundreds or thousands of them which would make better use of it than an investment in Couchsurfing if and when one day it goes public.
"Can I look up CS on the stock exchange and see its current value and share price (as I can for Facebook or Google)? Some one please explain this to me."
Only a very small proportion of businesses are listed on the stock markets. Being listed means that shares in the company are available to be bought by anyone. CS is a "privately owned" business. It operates under its own by-laws (its "constitution"), which are kept secret.
CS has no "market value" in the normal sense of the word. In its current for-profit version, it has "lost" millions of dollars of investor money. According to common theory of venture capitalism, the stock holders are betting that sometime the business will find a way of making lots and lots of money. In social networking sites, this is almost always done by selling access to your "membership" to other businesses.
Like with Facebook, there is little possibility of CS "going public", ie being listed on a stock market, unless it finds some "revenue stream" that would convince the general public it was worth investing in. After the disastrous launching of Facebook public shares, where the share value immediately dropped, CS has had to forget any possibility of going public in the near future. But rich people have so much unneeded cash that CS was able to find additional investors to keep CS afloat after its less-than-satisfactory first year, partly by bringing in a new management team. For the moment, the new team has no shown itself to have greater strategic vision than the old team, continuing the unbroken line of software failures.
This is very useful information. Thank you. How do you know this? Where could I read this from its source material?
I'm not sure what you would like more information about.
http://en.wikipedia.org/wiki/Stock_exchange#Going_public talks about today's situation regarding "going public".
In the CS groups "Brainstorm ~ Redefined", "Ambassador Public" and right here there are various explanations of the situation of CS.
By consulting the "corporation" sites of the states of California and Delaware, you will find legal confirmation of CouchSurfing International's present status as a privately owned C Corporation.