Comments on: Goldman’s old-school Facebook deal sets new tests http://blogs.reuters.com/breakingviews/2011/01/03/goldmans-old-school-facebook-deal-sets-new-tests/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Bos-Mike http://blogs.reuters.com/breakingviews/2011/01/03/goldmans-old-school-facebook-deal-sets-new-tests/comment-page-1/#comment-5669 Tue, 04 Jan 2011 05:01:08 +0000 http://blogs.reuters.com/columns/?p=5014#comment-5669 Goldman also invested more than a hundred million in Webvan (the on-line grocer) a decade ago and $1BN of investor money went up in flames as the business failed.

As recently as 2008, predicted that oil would go to $200.

Facebook’s $50BN valuation is ridiculous even by Google standards: Google has $40BN in revenue and a $200BN valuation. Facebook has 1/20th of the revenue and has a a quarter of capitalization.

Since there have been no and not expected to be any major tech IPOs that would together add up to $100BN, Goldman is trying to hype a single $100BN IPO so the individual investor making $9.95 trades is left holding the bag.

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By: Janeallen http://blogs.reuters.com/breakingviews/2011/01/03/goldmans-old-school-facebook-deal-sets-new-tests/comment-page-1/#comment-5666 Mon, 03 Jan 2011 21:50:03 +0000 http://blogs.reuters.com/columns/?p=5014#comment-5666 Are you saying that Goldman will do the same with Facebook as with its naive investors, the Federal government which keeps hiring its ex-CEO, etc, etc, so that they can fatten themselves at the expense of the longterm economy of America, hence, the financial wellbeing of the average American.

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