Streams

Goldman Sachs and Facebook

Thursday, January 20, 2011

Goldman Sachs is investing $450 million in Facebook and was going to offer its clients a chance to invest. But this week Goldman Sachs announced they would limit that opportunity to foreign investors. Senior writer for Bloomberg Businessweek, Roben Farzad, discusses this move and explains what the SEC has to do with it. He'll also talk about why Facebook is beefing up its lobbying efforts in Washington.

Guests:

Roben Farzad

Comments [3]

Marcus from nyc

Because FB has many ties to the CIA. Where's the reporting on that?

Jan. 20 2011 11:42 AM
Eric from NYC

Finally got to see the movie "The Social Neteork" last week and was reminded about the complete irony and absurdity of the genesis of the idea for FB. The original formation of the idea arose from Zuckerburg's fraudulent and illegal access of other students private photograph and identifying information held by their university. The concept has flawed from the beginning and the privacy issue will never go away and, of course, it's an issue for the company's financing.

Jan. 20 2011 11:42 AM
mozo from fl

Great segue from Mafia to Goldman. Goldman Sachs make the Mafia look like pikers.

Jan. 20 2011 11:40 AM

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