Goldman Invests in Facebook at $50 Billion Valuation

The New York Times ^ | 1/2/2011 | ANDREW ROSS SORKIN and EVELYN M. RUSLI

[Sprite518]

Facebook, the popular social networking site, has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, according to people involved in the transaction. The deal makes Facebook now worth more than companies like eBay, Yahoo and Time Warner.

[Sprite518]

Guess it was only a matter of time before this happened.

[Southack]

Unimaginative investing, yet they’ll probably make bank on it anyway...

[Sprite518]

Oh yeah you know the business world is going to go nuts on this news.

[boycott]

I don’t believe I’ve ever even seen an advertisement on facebook. If it’s there, I don’t pay attention to it. Why does this company have any real value? I guess the dot.com bomb could probably explain it.

[mewykwistmas]

These Goldman b@stards have already sold the shares and bet against FB, if history is any guide.

[Eureka_Lead]

we now have an unknown Russian company owning one of the biggest profiling and information gathering data retrieval systems on the planet....

cool... HUGE /sarc

[Southack]

Paranoid lately?!

[al baby]

What a dumb a$$ statement

[Southack]

Must’ve struck a nerve, then...

[hennie pennie]

*ping*

[org.whodat]

Facebook a completely worthless thing and people pay money for it.

[packrat35]

Doomed to fail at some point. AOL was the big thing, also myspace.com, etc and all have fallen by the wayside. Why services does Facebook really provide?

Seriously, WTF?

[Esther Ruth]

Scientists from around the world have studied the minds of people who do not believe in a global conspiracy of any kind and found that they all have a few things in common -
An IQ lower then 70 -
Watch Mr Rogers reruns when they can't sleep at night-
Only curse when they eat their Franken Berry cereal -
Drink more then 3 cans of diet soda pop a day -
Hazy White lines across the sky remind them all of tic tac toe - and that's it -

[Vaduz]

Indeed it’s strange why some people pay to see and be seen,ego I guess.

[FromLori]

Now all their investor’s who buy in can use your personal information sweet. Just think of the ways they can sell it and resell it or share it.

Goldman Sucks has for years supported obama and will continue to do so.

“. Blankfein, a lifelong Democrat, probably falls into the camp of Masters of the Universe who will quietly continue to support the president but won’t make many public comments or host big fundraisers. “

http://www.freerepublic.com/focus/f-news/2648756/posts

[Tempest]

scam in the making. The prime investors are just preparing to ripoff some easy sheep.

[EBH]

Goldman excludes US clients from Facebook offering

http://www.freerepublic.com/focus/f-news/2658509/posts

[giotto]

Hundreds of millions of Facebook members give Facebook their information for free. Facebook takes it and sells it to hungry advertisers, governments, information agencies, and who knows who else. Not a bad business plan--get for free, sell high.

Anyone who posts true personal information on Facebook is foolish.