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Whose Access to Information Is it Anyway?

Maya Brahmam's picture

The recent storm about the Facebook IPO and whether big investors got access to better analysis than individual investors made me think about the open agenda again: Whose access are we guaranteeing? If we say that data is open, do we have the moral obligation to help people navigate that information?

An article by Peter Whoriskey and David Hilzenrath in The Washington Post, Scrutiny Focused on Pre-IPO Hype, says of Facebook’s disclosure: "It was just the kind of information that could make you a million. But you couldn’t find it..." They went on to note, "A raft of complex regulations attempt to ensure that the information public companies give out to investors is not only true but is distributed in a way that does not favor big institutional investors over so-called retail investors…"