10:01 AM
Andy
Investors who hate Goldman-Sachs (NYSE: GS) have one more reason to despise the former investment banking giant.
The firm recently laid a $500 million bet on Facebook - the pre-IPO social networking website with over 500 million users worldwide. And they've valued it at $50 billion, meaning they have a one percent stake.
So why hate Goldman because of this deal?
Part of the untold story is that in exchange for the $500 million in up-front cash, Goldman obtained the ability for their clients to buy up to $1.5 billion in equity.
It's these kinds of back-door, pre-IPO deals that completely let big "banksters" and institutional traders jump in line in front of even the savviest individual investors.
In effect, it's likely already too late to profit from the inevitable Facebook IPO...
But Chief Investment Strategist Ian Wyatt of Wyatt Investment Research recently put together a proprietary research report on three technology investments that aren't under the thumb of Goldman-Sachs.
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