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Forum Post: Goldman Sachs Does It Again

Posted 2 years ago on Nov. 5, 2011, 6:04 p.m. EST by BeStrong (13)
This content is user submitted and not an official statement

In typical 1% style, the Groupon IPO stock was only offered to rich people so they could make 40% in a1/2 day. Goldman Sachs and Morgan Stanley will step on 99%s every time.

46 Comments

46 Comments


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[-] 3 points by entrepreneur (69) 2 years ago

dont buy into Groupon. It is another company that will declare bankruptcy one day. Guess what groupon is the one that caused misery to small businesses, because not only small business give upto 50% discount , but groupon charges small business additional fees. Stay away from Groupon and may be stay away from their coupons. Go to local business and support them directly or use their direct coupons instead of groupon

[-] 1 points by stephenadler (118) 2 years ago

This stuff happens all the time. Get used to it. GS offered special shares of facebook to their wealthy investors. As far as I'm concerned, groupon, facebook etc will all flair out like netscape. Remember netscape?

[-] 1 points by greedisgood (39) from Washington, DC 2 years ago

just FYI goldman was only allowed to market facebook privately otherwise itd be a violation of securities laws.

Also, an IPO is really murky ethical waters.

My look at the valuation of linkedin and groupon is that they are both overbought and I would short them in the long term. I don't think they are viable companies. There business models are not sustainable. I could and possibly will be wrong.

[-] 1 points by jak321 (40) 2 years ago

I am confused. Do you believe that companies are forced to use Groupon therefore forced to pay fees? And your certainty about their future Bankruptcy? Wouldn't that be a terrible thing to happen and to lose all of those jobs I mentioned previously?

[-] 0 points by MortgagedTent (121) 2 years ago

Bow down before your masters Goldman Sachs and Morgan Stanley you insolent rebel scum.

[-] 1 points by jak321 (40) 2 years ago

Have you been drinking?

[-] 1 points by MortgagedTent (121) 2 years ago

The world is being corralled by the true masters. The international banking cartel IS now GOD. Denounce your dieties. Warship the one true faith. Become part of the collective. Sign over your homes. We give you choice. Corporate candidate A or corporate candidate B. They are our agents. They will get rich working for us upon their retirement from politics as we line their pockets with your money. Our Federal Reserve death star will blow up your currency like a small rebel moon. Kiss a Rothschild. Kiss a Warburg. Let them know you pledge your life and liberty to the masters.

[-] 1 points by gnomunny (5691) from St Louis, MO 2 years ago

Nice Freudian slip: "Warship the one true faith." You may be on to something. Can we hit Goldman Sachs' offices from the East River without too much collateral damage?

[-] 1 points by MortgagedTent (121) 2 years ago

Yeah, but we'll have to bail them out for $1,000,000,000 to rebuilld them an 80 story state-of-the-art derivative money pit.

[-] 1 points by gnomunny (5691) from St Louis, MO 2 years ago

Damn, I didn't think of that. They sure do play this (rigged) game well.

[-] 1 points by jak321 (40) 2 years ago

Thank you for the clarity. You answered my question. May I suggest an AA meeting.

[-] 0 points by jak321 (40) 2 years ago

I have yet to meet a company affiliated with Groupon that dislikes them. It brings them business and thus money. When you have business and money, you can employ people. Groupon is not hurting anyone in fact they are helping many other companies. You are extremely misguided.

[-] 2 points by BeStrong (13) 2 years ago

It is Goldman not Groupon that is the problem

[-] 1 points by gnomunny (5691) from St Louis, MO 2 years ago

I think a lot of these people missed your point. I didn't. Too bad we can't boycott Goldman.

[-] 1 points by jak321 (40) 2 years ago

Just exactly what problem are you referring to and how exactly is GS this problem? I was responding to a post from someone saying that Groupon was hurting small business.

[-] 0 points by greedisgood (39) from Washington, DC 2 years ago

You do realize how IPO's work rt?

It sounds like you don't. Go read and comeback.

[-] 1 points by suyabaa01 (244) from Milford, CT 2 years ago

How about Google IPO? Did they exclude public in their IPO?

[-] 1 points by BeStrong (13) 2 years ago

It is the investment bankers that exclude ordinary people. So Google didn't exclude people the investment bankers did. Occupy Wall Street is at the heart of the corruption

[-] 1 points by suyabaa01 (244) from Milford, CT 2 years ago

Yeah. The exclusion is their self fulfilling prophesy to justify their existence.

They pretend company is good (no matter what), blow up prices in the first day to create hype and then share the risk with individual investors by allowing public purchase. Good companies should't cope with that.

[-] 1 points by greedisgood (39) from Washington, DC 2 years ago

It allowed for an auction. Google lost out huge in that IPO.

They had 30 underwriters, the deal was a clusterf***.

There have been other IPO's that have been retail IPO's but haven't done as well as far as raising capital. Which is the point of an IPO.

[-] 1 points by suyabaa01 (244) from Milford, CT 2 years ago

How did the Google lost? I saw stock price going from initial offering of $100 to +$700 in 3 years.

If the company is good, why cut special deals and create WS hype? When individual investors are allowed to buy Groupon, I'm sure there will be only risk left. Tq, I'll pass.

[-] -1 points by jak321 (40) 2 years ago

I work for GS. It was a great day for Groupon. Groupon is a growing American company based out of Chicago that employees over 10,000 people.

[-] 2 points by greedisgood (39) from Washington, DC 2 years ago

If you do work for Goldman you have just violated a number of different securities laws. Just FYI. Im sure you work in the back office in NJ. Thats like the janitors at goldman saying they work @ goldman they do but not really.

Theres also supposed to be a Chinese firewall between research and underwriting (ipo).

[-] 1 points by jak321 (40) 2 years ago

I do work for GS. What law or laws did I violate?

[-] 1 points by MortgagedTent (121) 2 years ago

Can I buy into the next IPO? Call me. My number is 555-1289.

Look forward to hearing from you.

PS: Tell groupon to get those jobs over to China. The stock price is going to get killed if they pay these spoiled Americans 40,000 a year.

[-] 1 points by jak321 (40) 2 years ago

Why would you want them to move their jobs to China? As far as your ability to buy into the next IPO I would have to know more about your financial situation. I would suggest speaking with a representative in GSAM or Private Wealth Management.

[-] 1 points by MortgagedTent (121) 2 years ago

They won't talk to me. I'm not an 'Accredited' investor. wink wink.

[-] 1 points by jak321 (40) 2 years ago

What does Accedited mean?

[-] 1 points by MortgagedTent (121) 2 years ago

Look it up. It's a financial term.

[-] 1 points by jak321 (40) 2 years ago

You mean accredited...check your spelling. I am confident your computer that was produced in China or somewhere overseas has spell-check. The computer you or your friend purchased (assuming it was not stolen). Wouldn't that then make you part of the problem? Supporting these evil companies who send their jobs overseas?

[-] 1 points by MortgagedTent (121) 2 years ago

Yes. That's what I said. You know you're missing commas where they should be and putting them where they should not be. If you're going to take the snobby route as a defense you better at least back it up with proper punctuation. But honestly the snobby defense really isn't very affective so I would advise you just make a real case.

PS: Fractional reserve banking is destructive. The Federal Reserve is controlled by the private banking establishment and, as this implies, so is the US dollar. Your product at GS is what? The financial derivative? The mortgage backed security? This is why we bail you out with our own money in the form of a huge hidden tax?

[-] 1 points by jak321 (40) 2 years ago

Banks have repaid the government funds they received under the Capital Purchase Program (CPP), the pillar of TARP under which Treasury bought preferred shares in the nation's banks. Enough so that, combined with dividends and sales of warrants, Treasury has declared that taxpayers have earned a profit on the CPP. Thus far, $245 billion has gone out, and $255 billion in repayments, interest and warrants has come back, yielding a profit to taxpayers of $10 billion. And there's several billion more where that came from.

[-] 1 points by MortgagedTent (121) 2 years ago

Is that a Goldman Sach's report you read? Or was that one of your 'objective' media outlets. Maybe you need to catch up on some Noam Chomsky. Or was it your Federal Reserve? You know, the one that loaned $17 trillion dollars in secrecy before we finally got to see the books after 20 years of constantly trying?

Why dont you spend a year in Afganistan and find out what price real people pay for your corrupt international cartel?

[-] 1 points by greedisgood (39) from Washington, DC 2 years ago

Quiet period after the inital issue. Theres a 40 day quiet period in which the underwriters are forbidden from issuing any material related to the issue. your not allowed to talk during this period, esp about any matter relating to the viability of that company in the future.
Its apart of the global settlement with the SEC. Also violated a few CFA standards but thats not that big of a deal.

[-] 1 points by jak321 (40) 2 years ago

I commented on yesterday's successful IPO in response to a post that was simply false.

[-] 2 points by BeStrong (13) 2 years ago

Yes Groupon is Great. It is the valueless people at Goldman that are the problem.

[-] 2 points by jak321 (40) 2 years ago

So I am valueless because I work at GS?

[-] 1 points by BeStrong (13) 2 years ago

You can't escape the culture you choose to be a part of. Yes Goldman as a whole is valueless.

[-] 1 points by jak321 (40) 2 years ago

How do you define value? GS is a publicly traded company based out of NYC in the United States of America. They are certainly valuable with a 50 + billion dollar market cap. The underlying concept of Capitalism is "for profit." Do you know a company that is not trying to obtain profitability?

[-] 1 points by me2 (534) 2 years ago

They don't understand what underwriting is so they say it has no value.

Of course it requires a great deal of specialized knowledge and expertise to underwrite a successful IPO, and that is worth a lot of money to a company that has decided to go public.

I am in the 99% and I support this movement or at least the parts of it that are based on intelligent thought based on facts and knowledge. These blanket statements about worthlessness of the services provided by financial institutions are based on a lack of understanding.

I have NO problem with Goldman making a buttload of money from underwriting a successful IPO. When they turn around and buy politicians with that money, that's where I have the problem.

[-] 2 points by jak321 (40) 2 years ago

I agree with you 100%.

[-] 1 points by stephenadler (118) 2 years ago

Hey Jak321, since you work at GS, what's GS's take on all this occupy stuff going on?

[-] 1 points by jak321 (40) 2 years ago

I am not a spokesman. I know what I think.

[-] 1 points by stephenadler (118) 2 years ago

what's the talk around the proverbial water cooler? Are you not allowed to speak about it?

[-] 1 points by jak321 (40) 2 years ago

we are too busy working and i have not discussed it with anyone. water cooler? i think you guys are all idiots but i can only speak for myself.