About Me 0001: Money Making Secrets

Facebook finally put out a press release on PR Newswire officially setting the record straight on $1.5 billion in funding. The overseas clientele of Goldman Sachs bought $1 billion, and the bank plus Digital Sky Technologies together invested another $500 million.

The blogosphere will doubtlessly explode with posts about why and how the numbers seem to have changed from what was originally reported by The New York Times on January 2. I don’t think the size of the deal selling to Goldman’s clientele shrank from $1.5 billion to $1 billion because of U.S. investors got shut out of the deal, although that’s a clever idea.

I think the discrepancy more likely has to do with the nature of off-the-record scoops, like the one that started the media frenzy in the first place. Rarely do the early leaks of secrets ever turn out to be accurate. Don’t mistake this as dissing any of the previous coverage of $500 million in direct investment and $1.5 billion from Goldman clientele. Like the release says, Facebook chose to limit the overseas offering to $1 billion, after the bank offered the choice of a range from $375 million to $1.5 billion.

The release consists of one straightforward factual paragraph, a quote from Facebook Chief Financial Officer David Ebersman and then a set of four questions and answers about the deal — all of it appears below, except for the boilerplate at the tail end. The fact that this official statement came out today indicates that the deal has closed. Read on for the release:

Facebook Raises $1.5 Billion

Facebook Receives $1 Billion from Goldman Sachs Overseas Offering; Digital Sky Technologies and Goldman Sachs Also Recently Made $500 Million Direct Investment

Investment Values Facebook at $50 Billion

PALO ALTO, Calif., Jan. 21, 2011 /PRNewswire/ — Facebook today announced it has raised U.S.$1.5 billion at a valuation of approximately $50 billion.

The transaction consisted of two parts. Today, Goldman Sachs completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion in Facebook Class A common stock. In December, Digital Sky Technologies (DST), The Goldman Sachs Group, Inc., and funds managed by Goldman Sachs invested $500 million in Facebook Class A common stock at the same valuation.

“Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing,” said David Ebersman, Facebook’s chief financial officer. “With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead.”

The investment generated a significant number of questions from interested parties and Facebook has addressed the most common ones below.

Why did Facebook raise this money?

DST and Goldman Sachs approached Facebook to express their interest in making an investment, and Facebook decided it was an attractive opportunity to bolster its cash reserves and increase its financial flexibility with limited dilution to existing shareholders.

Why did Facebook choose to raise $1 billion in the overseas offering?

Under the transaction’s terms, Facebook had the option to accept between $375 million and $1.5 billion from the Goldman Sachs overseas offering, at the discretion of Facebook. While the offering was oversubscribed, Facebook made a business decision to limit the offering to $1 billion.

What are Facebook’s plans for the proceeds of this transaction?

There are no immediate plans for these funds. Facebook will continue investing to build and expand its operations.

Does this investment mean that Facebook will have more than 500 shareholders?

Even before the investment from Goldman Sachs, Facebook had expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30, 2012.

It’s great to see that the social network will indeed begin making financial disclosures to the public by the end of April; and the release doesn’t say anything about whether or when an initial public offering might happen.

Why do you think the total size of the transaction changed from the originally reported $1.5 billion coming from overseas clients of Goldman Sachs to the currently announced $1 billion?

Life is anything but a beach for "Real Housewives of Atlanta" stars Nene and Greg Leakes. Greg's 34-year-old son, Damian Leakes, is now spilling the beans about his stepmama and Greg. And it ain't pretty.

Read on for the divorce details Nene doesn't want you to know...

Who needs enemies when you've got family like this? Greg's son, Damian, and Nene's step-son, has been threatening to air out his parents' dirty laundry for a while now.

Damian recently told Radar that Greg and Nene are on the verge of making their divorce happen, despite Nene telling press and media that reports of their split are untrue. She claims they are just going through a rough patch but she has not moved on to another man and they are very much still together, even though we can't remember the last time we saw her wearing her wedding ring.

But it gets worse. Damian says once Greg married Nene after meeting her at the gentlemen's club, he kicked all his kids out of the house!

"Once he met her he kicked us out of the house," Damian said, "the young siblings went to my mom's, and he just ran off to start a whole new life literally in front of our faces."

The kids have never been acknowledged on the show. And now, Greg is demanding Nene to pay him back a whopping $300,000 he allegedly spent to make her a star-uh. Not sure if that includes all the body sculpting she recently got done.

Damian says, "Nothing has been filed, but lawyers have been retained," Damian said.

"Gregg is also trying to get $300,000 back, but NeNe doesn't want to give him anything.

"She (NeNe) wants to keep the house and move on with her life. They're trying to portray it as 'we're not getting divorced' and they're trying to work it out right now, but that's not the case."

Damian said, "She wants to keep the house and move on with her life. They're trying to portray it as 'we're not getting divorced' and they're trying to work it out right now, but that's not the case."

And about where all the couple's so-called money came from:

"That's pretty much what the kids are trying to figure out because we never knew that that kind of money was available or within reach to put into that kind of project," Damian said.

"At the time when the show started was when we all started really bumping heads with NeNe and Greg.

Damian claimed the hundreds of thousands of dollars spent on NeNe was used to portray "a lifestyle."

"You have to keep up with the Joneses, so to speak," Damian said.

On where all that money went:

"He [Gregg] feels like he put her where she is... he feels that she wouldn't be anywhere if he didn't give her the money to put her where she needs to be.

"He feels like he made her because he gave her a lifestyle everyone wanted to see. She feels like he should have supported her and had her back. NeNe does have a selfish quality and so does Gregg and eventually over time they're going to butt heads like what they're doing now.

"They're both stubborn. No one wants to give up anything. Everyone wants to say it's you're fault.

"My dad has always wanted to -- even if he didn't have it -- live the good life. And when they got together it was a monster being created. And this is what happens when the monster grows three heads.

We haven't verified this is his actual Twitter account yet, but it's looking like it is. Here's what he said back in August when he was trying to sell this story to our homies over at Allhiphop:

@allhiphopcom got sum REAL dirt on my stepmom nene leakes. On my dad greg too. Tried 2 spare em but fuck it

This greg son. Tired of da leakes name being dogged out. We bout to expose greg AND nene. Stay tuned

8:12 PM Aug 24th, 2010 via mobile web .There are ALOT of secrets! This is Greg leakes son. The REAL leakes family is tired of the b.s.! Time to expose the TRUTH!

Wow. Let the Splitsville drama continue...

Source

benchcraft company scam

About Me 0001

Thursday, 17 February 2011

Money Making Secrets

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