11 ms·
Except 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 happen
by retube 16y ago
Except 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 )