SharesPost Drops Subscription Fee

Santa Monica-based SharesPost, the online marketplace for buying and selling shares in private companies, told its users Friday afternoon that it is dropping its subscription fee. The firm said that it has eliminated the requirements that membres be paying subscribers to post to buy or sell shares, or engage with other members. SharesPost had previously charged $34 a month for subscription for access to the buying and selling of shares. According to the company, it now has more than 12,000 registered members, who trade and discuss venture backed, privately held firms like Facebook, Twitter, LinkedIn, Digg, eHarmony, Tesla Motors, and Zynga. The firm's site also includes research reports and other background information on those privately held firms. SharesPost is headed by Greg Brogger.