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Goldman Invests $450m In Facebook 228

Posted by CmdrTaco on Monday January 03, 2011 @01:29PM from the super-poke-me dept.

An anonymous reader writes "The news that Goldman has taken a stake in Facebook, the white-hot social networking giant, has tongues wagging from Wall Street to Silicon Valley. As first reported by DealBook, Goldman has invested $450 million in a deal that values Facebook at $50 billion. As part of the deal, Goldman is looking to raise as much as $1.5 billion from its wealthy clients to invest in Facebook alongside the firm."

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Goldman Invests $450m In Facebook

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Goldman Sachs .... Facebook .... Wall Street ... (Score:5, Funny)

by unity100 ( 970058 ) writes: on Monday January 03, 2011 @01:35PM (#34745140) Homepage Journal

What could POSSIBLY go wrong ...

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Man, they never listen to me (Score:5, Funny)

by Daniel Dvorkin ( 106857 ) * writes: on Monday January 03, 2011 @01:44PM (#34745254) Homepage Journal

Tulip bulbs, I tried to tell them. Tulip bulbs! That's the future of finance, right there!

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Re:Can't resist ... (Score:4, Funny)

by assertation ( 1255714 ) writes: on Monday January 03, 2011 @01:49PM (#34745304)

Maybe they decided it was about time to invest in something successful

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What a relief! (Score:5, Funny)

by digitaldc ( 879047 ) * writes: on Monday January 03, 2011 @01:52PM (#34745334)

I was so worried about facebook running out of money. Thank GOD that Goldman Sachs intervened and saved them from financial ruin.

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I've noticed several design suggestions in your code.