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As soon as I heard this GS buy-in to Facebook, what came to mind? Pump and Dump. We can all see that Facebook's earnings don't justify a $50b valuation any ti
by eftpotrm 16y ago
As soon as I heard this GS buy-in to Facebook, what came to mind?
Pump and Dump.
We can all see that Facebook's earnings don't justify a $50b valuation any time soon, so to buy in at that valuation looks like a very brave long-term investment. Yet GS have got huge publicity from the deal and, as long as they can sell a good number of their shares, they make money regardless - they win, their investors carry the can.
This whole deal is no better than the spam stock tips I used to get every morning from some unknown address.