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Did Goldman Sachs Invest $500 Million In Facebook For The ‘Good PR’?

According to one theory, yes.

For Goldman it represents a big step toward remaking itself after two years of embarrassment and scandal stemming from the financial crisis. It’s good PR. Goldman gets its name in a headline without the usual accompanying words “settlement,” “foreclosure,” or “bailout.”

Facebook Friends Goldman [MarketWatch]

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65 Responses to “Did Goldman Sachs Invest $500 Million In Facebook For The ‘Good PR’?”

  1. JuliusAssangel says:

    Probably, they are all idiots with golden scrots and sweaty upper lips.

  2. hobby menbosche says:

    for every time i hear about facebook today i will remove one picture or piece of information from my profile

  3. Guest says:

    Another Goldman scam the SEC should stop immediately. As a private company Facebook shares are limited to 499 investors. Goldman is going to use this investment as a means to circumvent the law. High net worth individuals will own a piece of Facebook via Goldman, while Goldman only counts as a single investor. Stakes will be sold after the Gods hype Facebook to the limit.

    Same song and dance.

    • Anonymous says:

      Lloyd loves doing the Dougie

      • Guest says:

        Is doing the Dougie still, as they say in rap precincts, tight? I thought it was like summer of ’10 thing…

        – obviously not black guy or 18-23 y/o sorority girl

      • Guest says:

        Is doing the Dougie still, as they say in rap precincts, tight? I thought it was like summer of ’10 thing…

        – obviously not black guy or 18-23 y/o sorority girl

    • Anonymous says:

      Lloyd loves doing the Dougie

    • History is a useless degree says:

      The SEC is probably busy prosecuting somebody more their speed, like some random accountant or a pig farmer or something of that nature.

    • History is a useless degree says:

      The SEC is probably busy prosecuting somebody more their speed, like some random accountant or a pig farmer or something of that nature.

    • Guestafarian says:

      Maybe my humor detector is on the fritz, but this doesn’t sound like it was intended to be a joke. I’m really hoping it was.

    • Guestafarian says:

      Maybe my humor detector is on the fritz, but this doesn’t sound like it was intended to be a joke. I’m really hoping it was.

    • Jimmy says:

      You totally fucking suck.

  4. Anonymous says:

    David Weidner is a goddamned idiot, with or without his latest emission. We all know GS is evil – that’s a given; but has all the news about GS been bad, or focused on some real or imagined failure at the company?

    And how in bloody hell would a top-tick in Facebook somehow redeem their reputation?

    This poorly thought out opinion piece adds well to Weidner’s legacy of goddamned idiocy, so he’s got that going for him.

    Which is nice.

    • Guest says:


      And how in bloody hell would a top-tick in Facebook somehow redeem their reputation?”

      it wouldn’t- did you get the subtle mocking in the headline?

      • Anonymous says:

        I suppose I could have been too subtle while sharing Bess’s disdain. That said, Weidner is a goddamned idiot, and it never hurts to highlight that.

        Which I just had another opportunity to do, and for that, I thank you.

    • Guest says:


      And how in bloody hell would a top-tick in Facebook somehow redeem their reputation?”

      it wouldn’t- did you get the subtle mocking in the headline?

    • Guest says:


      And how in bloody hell would a top-tick in Facebook somehow redeem their reputation?”

      it wouldn’t- did you get the subtle mocking in the headline?

  5. Budfox07 says:

    Lloyd doesn’t give a blank about good PR! You know how he feels about us: http://wallstreetbeast.blogspot.com/2011/01/lloyd-to-mankind-fuck-off.html

  6. StuckInOhio says:

    Ha circumventing the intent of the law and allowing PWM clients to make questionable investments* at the same time… definition of NKI?

    *I too run my personal portfolio as a VC fund. You only need to hit one out of the park, amirite?

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