Liz Gannes

Recent Posts by Liz Gannes

By the Numbers: Goldman Sachs Buddies Up With Facebook

Goldman Sachs is leading a new yet-to-be-completed investment into Facebook, according to a report by the New York Times’ Dealbook tonight.

Here are the key numbers:

  • $500 million=Total amount of investment, mostly from Goldman Sachs, with $50 million from Digital Sky Technologies
  • $50 billion=Valuation for the new deal. The market value
    for the social networking powerhouse has been growing quickly, most recently at $42.4 billion according to SharesPost, or as much as $56 billion according to some other secondary market transactions.
  • $75 million=Portion of Goldman stake that it can sell to DST, under the terms of the deal
  • $1.5 billion=Amount Goldman would be entitled to raise from high-net worth clients through a “special purpose vehicle” to buy Facebook shares
  • $15 billion=Estimated paper net worth of Facebook CEO Mark Zuckerberg after the new valuation
  • Priceless=The golden opportunity to take Facebook public

Please see the disclosure about Facebook in my ethics statement.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik