Thomas Law Group L.L.P - NY TIMES: Can you hear a bubble bursting? The head of a unit at Goldman Sachs "decided the Facebook deal was not suitable for his clients, in part owing to the high valuation and to a mismatch with his investment criteria. The $450 million investment values the Web company at $50 billion. After Goldman’s deal, some industry experts cautioned that Facebook’s growth would need to accelerate rapidly over the next couple of years to justify such a steep price — a risk with many brand-name technology upstarts."

Investment Lawyers Serving Clients Nationwide

The law firm of Thomas Law Group specializes exclusively in arbitration and litigation of securities and commodities disputes primarily on behalf of investors.

Our firm provides a team of attorneys, experts, consultants and others with vast experience in the securities industry. Since 1991 we have represented over 1500 investors nationwide to recover their investment losses. We have represented clients in securities arbitration at the NASD, NYSE and the American Arbitration Association.

Our firm also handles enforcement and disciplinary hearings at the SEC as well as reparations hearings at the National Futures Association and the Commodities Futures Trading Commission. Collectively, our clients have recovered tens of millions of dollars through our assistance and representation in settlement negotiations, mediations, arbitrations and litigation.

The firm's practice focuses principally on the representation of brokerage customers. We also represent stockbrokers and brokerage firms in securities disputes; primarily in mediations, NASD and NYSE arbitrations. Our representation of customers relates to abuses such as unsuitable recommendations, excessive trading (commonly referred to as churning), misrepresentation, unauthorized trading, negligence, breach of fiduciary duty, and failure to supervise.

7th January 2011

Link reblogged from BLOGGING via TYPEWRITER. with 20 notes

NY TIMES: Can you hear a bubble bursting? The head of a unit at Goldman Sachs "decided the Facebook deal was not suitable for his clients, in part owing to the high valuation and to a mismatch with his investment criteria. The $450 million investment values the Web company at $50 billion. After Goldman’s deal, some industry experts cautioned that Facebook’s growth would need to accelerate rapidly over the next couple of years to justify such a steep price — a risk with many brand-name technology upstarts." →

inothernews:

I guess that, as a layperson, I’m seeing for the first time one of the major reasons Facebook won’t go public: because going the traditional route — via IPO — there is NO WAY IN HELL Facebook is worth $50 billion. No way.