Facebook and Twitter these days are one of the leading global social networking service sites. Privately owned by Facebook Inc, Facebook has now more than 600 million users.

This site provides a creation of profile comprising various activities like the interest, uploading self-info, pictures, videos, creating groups and the social gaming. These private firms follow some various rules before reaching to their users.

U. S. securities investigated whether it is important to modernize the rules for private firms or not. The current action of purchasing shares, online companies such as Twitter and Facebook has prearranged a signal.

According to the rule, a firm having 500 shareholder or more then that must disclose their financial information, so that interests of investors can be safeguarded. SEC (the Securities and Exchange Commission) has not yet confirmed about breaking these rules by the private companies.

According to a Journal, the no. 1 Social Networking Internet Company, in a deal of $50 billion, Facebook has raised $500 Million from Russian investor and Goldman Sachs.

Later, the SEC has planned to investigate the Goldman- Facebook contract specially. This remark was declined by Goldman and Facebook.