Goldman Sachs Staff Learning About Facebook

Facebook's Chief Financial Officer gave a demonstration of the social network to the wealth management department at Goldman Sachs, which blocks access to the site on company equipment.

After investing $450 million in the company and giving high-net-worth clientele one week to decide whether to make a minimum $2 million buy into a $1.5 billion “special purpose” vehicle for investing in Facebook shares, some Goldman Sachs employees are still learning how to use the social network.

Facebook Chief Financial Officer David Ebersman yesterday gave a tutorial to Goldman Sachs’ wealth management department, according to Bloomberg BusinessWeek, which cited an unnamed individual who listened into the presentation at the bank.

Goldman Sachs computers continue to block access to Facebook, with browser messages saying that “access to this site is logged and audited” and Internet use on the premises is only for “legitimate business.”

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in