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

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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Comments (5)
  • Stone Fox Capital
    , contributor
    Comments (8615) | Send Message
    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
  • NYC Trader
    , contributor
    Comments (510) | Send Message
    No surprise here. Goldman Sachs exposed.
    6 Jan 2011, 01:30 PM Reply Like
  • wyostocks
    , contributor
    Comments (9103) | Send Message
    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
  • Harry Tuttle
    , contributor
    Comments (2213) | Send Message
    I am shocked! shocked that Goldman would put in a favorable clause in the contract. Shocked!
    6 Jan 2011, 01:39 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
    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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