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January 4, 2011

Goldman Sachs Invests $450 Million in Facebook 
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In business news, Goldman Sachs has taken an ownership stake in Facebook
by investing $450 million in the company. The New York Times reports the
move will help Facebook stay a privately held company, thus remaining
free of government regulation and from the volatility of Wall Street.
The deal may be scrutinized by the U.S. Securities and Exchange
Commission. Just last month, the SEC launched a probe into the surge in
trading shares of privately held internet companies.



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