Tuesday, January 18, 2011

Goldman Limits Facebook Investment to Foreign Clients - NYTimes.com

Likely to lose some friends in the US

Just more than a week after Goldman Sachs offered its most prized clients a chance to invest in Facebook, the firm on Monday withdrew the opportunity from clients in the United States because of worries that the deal could run afoul of securities regulations.

The decision is a considered a serious embarrassment for Goldman, which had marketed the investment to its wealthiest clients, including corporate magnates and directors of the nation’s largest companies.

Goldman Limits Facebook Investment to Foreign Clients - NYTimes.com

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