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Goldman Sachs Says No Facebook Shares For US Investors

January 17th, 2011 01:02 admin Leave a comment Go to comments

theodp writes “In 2009, Robert Cringely speculated that the day might be coming when Goldman Sachs decides the United States isn’t worth dealing with anymore. Crazy, eh? Maybe not. Blaming ‘intense media attention,’ Goldman Sachs has decided to exclude US investors from a $1.5 billion Facebook offering. In a nicely-timed all-investors-are-not-created-equal MLK Day statement, the US taxpayer bailout beneficiary said, ‘Goldman Sachs decided to proceed only with the offer to investors outside the US….We regret the consequences of this decision, but Goldman Sachs believes this is the most prudent path to take.’”

Source: Goldman Sachs Says No Facebook Shares For US Investors

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    Facebook is not the next Microsoft or Google. It’s an advertising company, and all their nonsensical mysteriousness about their business model is a smokescreen to disguise that they have no plan.


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