The details are in this morning's Wall Street Journal.When I first heard about Goldman investing $500 million in Facebook, I didn't think anything of it.
But this WSJ article points out some important things I hadn't considered. That $500 million isn't Goldman's per se, it's money from their investors. But Facebook isn't a public company, so it theoretically doesn't have a large number of investors.
But now that they do have tons of investors through Goldman, Facebook is essentially going public, without going public.
Interesting dilemma for the SEC.
Care to guess who will come out on top?
