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Goldman Invests $450m In Facebook

Posted by ryuzaki0 on from the super-poke-me dept.

An anonymous reader writes "The news that Goldman has taken a stake in Facebook, the white-hot social networking giant, has tongues wagging from Wall Street to Silicon Valley. As first reported by DealBook, Goldman has invested $450 million in a deal that values Facebook at $50 billion. As part of the deal, Goldman is looking to raise as much as $1.5 billion from its wealthy clients to invest in Facebook alongside the firm."

4 of 228 comments (clear)

  1. Goldman Sachs .... Facebook .... Wall Street ... by unity100 · · Score: 5, Funny

    What could POSSIBLY go wrong ...

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    Read radical news here
  2. Man, they never listen to me by Daniel+Dvorkin · · Score: 5, Funny

    Tulip bulbs, I tried to tell them. Tulip bulbs! That's the future of finance, right there!

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    The correlation between ignorance of statistics and using "correlation is not causation" as an argument is close to 1.
  3. Re:Can't resist ... by assertation · · Score: 3, Funny

    Maybe they decided it was about time to invest in something successful

  4. What a relief! by digitaldc · · Score: 4, Funny

    I was so worried about facebook running out of money. Thank GOD that Goldman Sachs intervened and saved them from financial ruin.

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    He who knows best knows how little he knows. - Thomas Jefferson