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Goldman Sachs Says It May Sell, Hedge Facebook Stake
- gjm11 16y agoWhat twaddle. So the investor information GS is sending out says "at some point in the future we might sell some of our Facebook holding and we won't feel obliged to tell everyone who's bought Facebook stock through us". This is supposed to be interesting? Of course Goldman Sachs doesn't want to rule out the possibility that they might sell some of their Facebook stock. The possibility of selling later is, after all, one of the main reasons for buying any sort of securities. You might as well look at some major company's annual report to investors, find things like "We depend on manufacturing facilities in China for much of our production; in the event of war or a breakdown of international relations, our business might be adversely affected", and say "Major company says US, China may go to war". (I don't know whether that particular concern is in any large company's annual reports, but that general kind of thing is absolutely commonplace. It's mostly a way of suggesting to investors that the company has been very diligent in looking for risks to their business.)