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"This week's news that Goldman Sachs has chosen to invest in Facebook while entreating others to do the same should inspire about as much confidence as their in
by jdp23 16y ago
"This week's news that Goldman Sachs has chosen to invest in Facebook while entreating others to do the same should inspire about as much confidence as their investment in mortgage securities did in 2008."
Well said.
Sounds like a bubble to me.
- retube 16y agoExcept of course, GS aren't investing in Facebook. They're backing out their stake to other investors via this SPV they've set up. I doubt they care what happens to facebook stock: there's huge demand at this valuation and all they care about is answering that.
- beoba 16y ago"Goldman will be creating a “special purpose vehicle” to sell the stock to its wealthy clients and then will charge them a 4 percent initial fee plus 5 percent of any profits." Heads we win, tails you lose. I'm just waiting until they start dividing up the stock into tranches. (from http://news.ycombinator.com/item?id=2071267 http://news.ycombinator.com/item?id=2071267 )