Microsoft not doing too badly from this either...
Remeber when MS sank $240m into Facebook. This latest investment by Sachs more than triples the value of that initial stake. Seems like there's no shortage of buyers, either.
Goldman Sachs is to reportedly end soliciting interest in Facebook shares from wealthy investors later today. According to the Wall Street Journal, which cited people familiar with the situation, the brokerage has been inundated with orders of "several billion dollars" after the deal emerged over the weekend. Goldman Sachs …
Here we go again, overpriced company shares being punted by a bank whilst limited information is being provided around the actual financial position of the company. This is exactly what led to the market crash in technology stocks in 2000 and it seems some people just don't learn
This probably is why fb keeps angling to expose ALL or as many profiles as possible. With all those games and apps exposing people's birthdays, comments, hobbies, and so on, fb is just TRYING damned hard to tear down quasi-anonymity. It's one thing to expose one's face and comments to friends, and much more a different thing when a company tries to THRUST those comments into open rather than respecting educated privacy concerns. Total privacy may be dying, but user-obtainable privacy should not be hacked up and distributed like hotcakes.
It's got a server farm (*nothing* like the one Google's got and probably not even up to Amazon's operation)
It's got a load of bandwidth connected to those servers (but see Google and Amazon comparison above)
But the "smart" money reckons it's worth $50Bn. I'd guess that's in Walmart and GM or Ford territory.
The 90's are back.
And big "smart" investors are throwing stupid money into companies with massive capitalization-to-earnings ratios.
Anyone know how many of those 90's companies are still in business?
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