While the Public Rushes to Buy Facebook, Goldman Unloads FB

While the Public Rushes to Buy Facebook, Goldman Unloads FB

If you’ve always wished you could get fleeced by a Goldman banker, here’s your chance.  Buy some Facebook shares tomorrow – and take the other side of the trade from Golden Slacks!

Shocking, I know – Goldman got a special deal on FB shares on the secondary market a year ago, when FB carried a $50 billion valuation.  Now that it’s going tomorrow in the $100-125 billion range, GS is (probably wisely) dumping half its stake.

Bloomberg reports on Goldman’s latest public swindle (though I don’t blame Goldman on this one – it’s not their fault the public is willing to pay 100 times earnings for FB).

About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

Sign up for our Newsletter

Categories