Facebook may be forced to go public sooner than it hoped: The world’s leading social network confirmed today that it has taken in an oversubscribed $1.5 billion of financing, most of which came from Goldman Sachs, giving the company a projected value…
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Facebook Raises $1.5 Billion
Wall Street firm Goldman Sachs reports net income of $2.39bn in the fourth quarter of 2010, down by half from a year ago.
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Goldman Sachs profit down by half
The S.E.C. is interested in several aspects of the private offering of Facebook shares to Goldman Sachs’s clients.
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DealBook: S.E.C. Questions Goldman on Facebook Offering
Facebook has reportedly raised funds from Goldman Sachs and a Russian investor in a deal that values the social networking site at $50bn.
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Social networking site Facebook ‘valued at $50bn’
How the program 10,000 Women helps bring equality to 20 countries.
The report did criticize the S.E.C. enforcement division for failing to notify Goldman of its lawsuit until after the papers were filed in federal court.
Excerpt from:
Report Finds No Political Motivation in S.E.C.’s Goldman Suit
A watchdog has concluded that the Securities and Exchange Commission was not politically motivated to file fraud charges against Goldman Sachs.
Wall Street banking giant Goldman Sachs is fined £20m by the UK’s financial watchdog, the BBC learns.
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Goldman Sachs fined £20m by FSA
Report Finds No Political Motivation in S.E.C.’s Goldman Suit
Thursday, October 14th, 2010
