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Goldman Sachs (GS) could unload its own Facebook holdings without telling fellow investors,...

  • Thursday, January 6, 2011, 1:09 PM ET
    Goldman Sachs (GS) could unload its own Facebook holdings without telling fellow investors, according to a 1-page investment profile. The firm’s own $375M investment will probably drop by $75M given expected sales to third parties. And an internal Goldman investment group reportedly passed on the chance to invest in Facebook.
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This news story has 5 comments:

  •  
    of course they will sell and leave their investors holding the bag. Paying 25x sales is ridiculous. When will people learn to buy what Goldman is buying not what they are selling clients.
    6 Jan 2011, 01:13 PM Reply Like
  •  
    No surprise here. Goldman Sachs exposed.
    6 Jan 2011, 01:30 PM Reply Like
  •  
    Hey, don't fault Goldman, nobody is forcing the buyer to buy.
    In fact, we should probably be buying GS stock.
    6 Jan 2011, 01:33 PM Reply Like
  •  
    I am shocked! shocked that Goldman would put in a favorable clause in the contract. Shocked!
    6 Jan 2011, 01:39 PM Reply Like
  •  
    Anyone stupid enough to do business with GS deserves what they get.

    However the Catch 22 with that, is the Fed and Govt do business with them...and that's OUR money!
    6 Jan 2011, 01:39 PM Reply Like
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