The Social Networth
Goldman Sachs giveth, and Goldman Sachs taketh away. The firm made waves last week by offering its wealthiest U.S. clients a crack at shares of web superstar Facebook. The $1.5 billion private sale of stock valued the social network at $50 billion.
But now, in an embarrassing reversal, Goldman has decided not to offer the shares to Read More
The Social Network
In a humiliating turn of events, Goldman has decided to bar its U.S. clients from purchasing Facebook shares.
The move is seen as an effort to dodge interference from the SEC,which had “opened an inquiry into the structure of the offering and whether it violated the law because the deal had been widely reported on in the Read More
The Manhattan U.S. Attorney’s office has charged several longshoremen with enticing investors to buy stocks via Facebook and Twitter in a classic “pump and dump” fraud scheme.
This was apparently a side business that the dock workers engaged in when they weren’t busy trafficking 1.3 tons of cocaine worth $34 million through the Read More