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Excerpt: "Facebook earned $355 million in net income in the first nine months of 2010 on revenue of $1.2 billion, according to documents that Goldman Sachs is
by necolas 16y ago
Excerpt:
"Facebook earned $355 million in net income in the first nine months of 2010 on revenue of $1.2 billion, according to documents that Goldman Sachs is providing to clients.
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The Goldman customer said he received a separate six-page financial statement containing information on the social networking firm.
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The financial statements were not audited and offered little detail about how Facebook generates it revenue, said the source, who did not want to be identified because he had signed a non-disclosure agreement."
- luckyisgood 16y agowhat part of "non-disclosure agreement" he didn't understand :-)
- endtime 16y agoSounds like he understood it fine, since he requested to be anonymous.
- InclinedPlane 16y agoThat's not how it works. :P
- btilly 16y agoSorry, but that is how it works. It is just not how it is supposed to work. :-P
- alphabeat 16y agoMaybe they wrote a different value on each document as a fingerprint of sorts. Or maybe they just expected this to get out.
- wladimir 16y agoHopefully the leaker was smart enough to perturb the values somewhat as well :)
- jrockway 16y agoProbably the second one. Financial documents are typically prepared by lawyers and bankers, not cryptographers. Or he asked his friend, "hey, can I see your document... yup, they're identical" and then leaked with impunity. If the public really wants something, and you send a document with that information on it to a bunch of people, it's going to be leaked. I think Goldman is smart enough to realize this; the buzz is helping their business, but they knew they would get in trouble if they just announced the numbers. So they just gave it to random people with a I-did-my-due-diligence-NDA and let entropy take care of the rest.