aleksl - 6:10 pm on Jan 4, 2011 (gmt 0)
Goldman Sachs invested in Facebook, interesting..
Digital Sky is "russian", but it is 75% funded by Goldman Sachs.
invterview with Milner, founder of Digital Sky:
Rose: What is it about these goldman sachs people, youíre 75% Goldman Sachs.
So, the correct title is Goldman Sachs invests close to $500 mln in Facebook.
Here's another quote from inteview with Milner above
Rose: You think FB will be one of most valuable companies on the internet. what would prevent it from doing that.
Milner: I think FB is important globally because itís going to be one social graph that is unifying all civilization, maybe with a few exceptions. The company that creates one global social graph will be very important going forward. It will be Facebook, with maybe 2-3 local social networks able to sustain competition long term.
So someone in Goldman Sachs, who controls the US Treasury (last 2 Treasury chairman from Goldman Sachs), received bailout money, and has virtually unlimited funding, is spreading "love" around buying companies...and they see Facebook as an asset. I bet they don't look at it from "start selling" standpoint, they are looking at it from Milner's standpoint - create global social graph. That, and do an IPO and sell a few billion shares, quick 100-bagger for Goldman.