Today’s NYT carries a story on a special deal cooked up by Goldman Sachs to toss some serious walking-around money to Mark Zuckerberg’s already legendary Facebook—about $500 million. According to the article by Andrew Ross Sorkin and Evelyn M. Rusli, “The new money will give Facebook more firepower to steal away valuable employees, develop new products and possibly pursue acquisitions—all without being a publicly traded company.”
Uh huh. And when the NYT got a $250 million loan from legendary/notorious Mexican monopolist/billionaire Carlos Slim Helú, I’m sure the Times’ coverage explained that the cash would give the Times “more firepower to steal away valuable employees.”