Goldman's Facebook Investment

http://www.futureofcapitalism.com/2011/01/goldman-facebook-investment

Goldman Sachs's $450 million investment in Facebook, a deal which reportedly includes a promise by Goldman to raise an additional $1.5 billion or so for Facebook from Goldman clients, is a pretty good response to those critics of Goldman who say the firm is just a vampire squid that enriches itself by speculative short-term proprietary trading at the expense of the Main Street economy and that doesn't provide anything of value.

by Ira Stoll  |  Jan 3, 2011 at 10:04 am Related Topics:  Banking, Goldman Sachs receive the latest by email: subscribe to the free futureofcapitalism.com mailing list