Facebook non-IPO gets the 'Daily Show' treatment (Video)
Goldman Sachs's investment in Facebook has created a fervor in the public investment sphere. In what some see as an initial public offering of a private company, Goldman Sachs has guaranteed a $450 million investment to the company, as well as offered stock to its wealthiest clients. Already the demand from their clients has exceeded expectations. With the clients' investments, Goldman Sachs could bring the total up to $2 billion.
In addition to raising money, the deal has raised plenty of hackles, with critics annoyed that it gives Facebook the ability to go public without being forced into any of the regulations of a public company. Others say that it is simply a smart move by the companies.
John Stewart decided to weigh in with satire on the subject. On Thursday's "Daily Show," the talk show host said Facebook "won't rest until everyone in the world is walking around naked, holding out their passport, shouting out their children's names and locations, but don't look at [their] financial books."
Watch the clip here:
|The Daily Show With Jon Stewart||Mon - Thurs 11p / 10c|
|The Anti-Social Network|
| January 7, 2011; 9:38 AM ET
Categories: The Daily Catch
Save & Share: Previous: Jobless rate, Sudan vote, long-distance love and Michael Caine
Next: Cocaine vaccination a real possibility?
Posted by: NowAVirginian | January 8, 2011 12:56 AM | Report abuse
Posted by: Curmudgeon10 | January 8, 2011 4:26 AM | Report abuse
Posted by: fluxgirl | January 8, 2011 8:00 PM | Report abuse
Posted by: addjian06 | January 8, 2011 9:23 PM | Report abuse