Here’s how the shutdown could affect the tech world:
Hold That IPO!
The Securities and Exchange Commission announced on Thursday that it would not process any company filings in the case of a government shutdown, Reuters reports.
That means that IPO filings would be put on hold. A prolonged shutdown (unlikely, but possible) could affect companies late in the IPO process, like Zipcar, as well as companies that have filed but haven’t set terms yet, like LinkedIn.
Government Websites Go Dark?
A memo that Office of Management and Budget Director Jack L ew wrote to the heads of executive departments and agencies asked them to make determinations of whether their websites were essential or not, The Hill reports.
According to this memo, public access to government information doesn’t fall under this category. Websites necessary for operation like the IRS website for filing taxes, however, will remain open.
A Victory For Telemarketers And Spammers
According to a statement that the Federal Trade Commission posted on Friday, the Do Not Call Registry and Spam Database will not be available to law enforcement organizations in the case of a furlough.
Google And Microsoft Wait For Paychecks
It’s not just government employees who might find themselves without a paycheck should the government shut down. Hundreds of thousands of business who have contracts with the government might also be affected. Those companies include mid-size IT firms and giants like Google, which b eat Microsoft out to be...
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