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But this hack that GS created -- bypassing the 500 shareholder limit by creating a company that owns a stake in FB and then selling shares of said company -- co
by encoderer 16y ago
But this hack that GS created -- bypassing the 500 shareholder limit by creating a company that owns a stake in FB and then selling shares of said company -- completely undermines the law.
This is a temporary loophole that will be fixed. I don't begrudge facebook a thing. They get most the upside of an IPO with nearly none of the downside. But to act that it's perfectly alright because, hey, caveat emptor... i disagree strongly with that.