Demand for Facebook Shares Overwhelms Goldman

Goldman Sach’s estimated acquisition of $1.5 billion in equity ownership in Facebook has excited many stock market investors. Since the announcement, clients have stormed Goldman with orders for Facebook shares. This is surprising since Goldman has only disclosed a small amount of information regarding Facebook’s online traffic to its investors, according to the Wall Street Journal in an article titled “Goldman Flooded With Facebook Orders.” Overwhelming demand has forced the investment corporation to stop offering Facebook shares for sale. The SEC is currently debating whether to mandate that Facebook become a publicly traded corporation, which would mean it would have to issue common or preferred stock shares into the public stock market.