Goldman Invests $450m In Facebook 228
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."
Re:12 billion bailout (Score:5, Informative)
Re:Demographic Data (Score:5, Informative)
$450 Million = One New Facebook Data Center (Score:4, Informative)
Re:12 billion bailout (Score:4, Informative)
People seem to leave this part out. They keep screaming about the 'bailouts' and tax payer money being 'wasted'. That money has been, for the most part, repaid, with interest.
Baloney. Of the $550B disbursed, only $230B has been returned [propublica.org] and that doesn't take into account the cost of money for the interim.