Ron T asked: Does oDesk trade publicly via a US based stock exchange, or is venture capital acquired thru private investments? In the former case, is oDesk subject to the "Sarbanes Oxley act 2002"? Albeit a grey area, are not the disclosuresdiscussed herein required by the US FTC (similar to requirements for other US owned websites, blogs, etc.)? Has the official oDesk messaging system been SPAMMED? Whether yes or no to the previous question, is oDesk subject to PCI DSS Data Security Standards? Again, whether yes or no, are members' (clients and freelancers) confidential data (credit cards, etc.) stored on the same servers / systems as the oDesk core site and Community?
Ron, oDesk or Elance or Elance-oDesk are not publicly traded companies. Publicly-traded companies are subject to very stringent reporting requirements. If Elance-oDesk was publicly traded, we could very easily look it up on Yahoo or Google finance, and they would be forced to publish their detailed quarterly and annual earnings, which clearly is not the case here.
oDesk's last round ($30M) was led by Benchmark. Other existing shareholders like Stripes Group, New Enterprise Associates (NEA), Sigma West, T. Rowe Price and FirstMark Capital participated along.
Most companies are subject to SOX in the sense that they're not allowed to destroy evidence etc., but it doesn't apply in the sense you're referring to.
EXCELLENT (I rarely uses all caps...lol....) answer Krisztina, kudos! Often when I post questions I already know the answers; however, I am interested in what others might have to say as well.
Although non-publicly traded companies are [typically?] not bound by the "Sarbanes Oxley act 2002," some of those not obligated to adhere to the requirements for accounting and information technology controls exercise good business sense and implement the controls anyway. It's this platform's controls (or lack thereof) for information technology that concern me the most.
All things considered, I can't imagine the platform ever going public. Moving headquarters to another country, yes. Going public in the US, no.
Request for clarification: Just out of curiosity, are members receiving these emails / messages via the core site messaging system only, the Community "private" messaging system only, or via both systems?
Upon checking, our Marketplace Quality Team has already taken action against the account of the client who sent this message. We have confirmed that the client is in violation of the oDesk Policy. Please be assured that we are investigating this matter further. I apologize for the inconvenience this has caused you.
We appreciate that you brought this matter to our attention. Please remain wary about this type of malicious activities. While the oDesk Marketplace Quality team works hard to find all inappropriate Job Postings, invitations and activities like this before you encounter them, we sometimes need to rely on your assistance to report anything suspicious.
For future reference, if you experience the same case, please don't hesitate to send a support ticket and let us know. Alternatively, when applicable, like in Job applications or invitations, should you encounter malicious or inappropriate activity, you may send a support ticket using the Flag as Inappropriate link, located at the upper right of every job posting and public profile at oDesk. Just select the link, fill out the form, and submit. This sends a ticket directly to a Marketplace Quality Specialist, who will investigate and take the appropriate measures they deem necessary.
oDesk Customer Support
My research is complete. DS is strikingly similar to PPH. Gee, wonder why? Mr. "G"'s da'man...lol.... Now, does DS have the money behind it to make a go of it? I doubt it, but time will tell. At present, it's an under developed beta; a long way from any testing, even longer to launch time....
I feel so dumb. I clicked on the links because I thought it was an extension of oDesk, I had no idea it was a separate company until coming here and also getting an email from oDesk 24 hours after these emails were sent out, which seems super slow to me.
I am now worried that I may have been a victim of phishing and I am just feeling so dumb because I'm usually more careful and skeptical about things like this. Has oDesk been helpful in resolving this for anyone yet? Or finding our more answers?