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Anybody think maybe Facebook got pwn'd by GS? As in, maybe Facebook's financials aren't that great and they wanted the GS money. GS offers a deal with the mock-
by jaekwon 16y ago
Anybody think maybe Facebook got pwn'd by GS? As in, maybe Facebook's financials aren't that great and they wanted the GS money. GS offers a deal with the mock-promise that they'll deliver a special vehicle to get around the 500 IPO rule, when they really just want to flip FB shares to the public and pre-ipo traders for a short term profit.
- qq66 16y agohaha that would be classic GS. "Um sorry we were wrong about the IPO rule." However, there is no IPO rule -- the rule only requires public disclosure of financials, not public ownership.