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.