Goldman Offering Clients a Chance to Invest in Facebook
Goldman Sachs has reached out to its wealthy private clients, offering them a chance to invest in Facebook, the hot social networking giant that is considering a possible public offering in 2012, according to people familiar with the matter.
On Sunday night, a number of Goldman clients received an email from their Goldman broker, offering them the opportunity to invest in an unnamed “private company that is considering a transaction to raise additional capital.” Another person briefed on the deal said that Goldman clients would have to pony up a minimum of $2 million to invest and would be prohibited from selling their shares until 2013.
Facebook has raised $500 million from Goldman Sachs and a Russian investor in a transaction that values the company at $50 billion, according to people involved in the transaction. As part of its deal with Facebook, Goldman is expected to raise as much as $1.5 billion from investors for Facebook.
The email sent to Goldman clients warns that recipients who trade in secondary markets where private firms like Facebook trade may want to steer clear of participating because if they opt in they may receive material non-public information on the unnamed company that will restrict future trading.
People are still waiting for a news source to do something cool that will attract EVERYONE daily. It will have to be social and interactive; something like ….Asiance?
The only problem is that if FaceBook becomes too commercial people will do a 180 and point to the next site that promises to keep it simple and most importantly a site that they can TRUST with their most VALUABLE information! Now you can be sure that all of your information will be confiscated and sold to outside vendors! Time to log out.
Has Mark suckerberg been working out? what a stud! Not!
By that time, all the early investors would have cashed out by then and made their killing..Most important are users..You can’t sell out your users..As a site that captures information from people, we know our most important asset is the user, which is why we protect their privacy and would never use/sell any of their information, ever!
Reality is that the general public is hardly MENSA. Therefore, the top 5% of the population uses them to cash out on their naivete.
Leslie Stahl as well as a few other award-winning journalists have nailed Mark Suckerberg to the wall with regard to his violating the privacy of his users and outright lying to his client base. Either people simply do not care or are too simple-minded to understand the ramifications of these violations.