Goldman Sachs investment in Facebook Gets SEC attention

Facebook has made the headlines again for secured top Wall Street firm, Goldman Sachs. The social network company received a fund value half billion dollar pushed its market value at $50 billion. People close to the business, said Goldman invested $375 million, while Russian company called Digital Sky technologies $125 invested million.This Facebook more expensive than time Warner, Yahoo, eBay and Starbucks and makes almost twice as much as Google in 2004 before the offering. Goldman Sachs will invest in a total of $2 billion. The company is a special fund, another $1.5 billion of "outside investors." to increase form. All this money would go to the company but not its employees to "some recent transactions." Mark Zuckerberg, the 26 year-old owner of Facebook is now $12 billion value. These huge investments attracted the attention of Securities Exchange Commission. Securities lawyers will say that the social network site may be trying to avoid "Disclosure rule". As per SEC rules if a company has more than 499 investors, it would have to disclose its financial information to the public. SEC a watchful eye on trade with Facebook has shares in the market.Related articles:The Wall Street JournalFinancial Times.comBloomberg

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