Facebook gears up to face the scrutiny music
Goldman Sachs, Facebook

There are serious concerns about the security issues of the Facebook and the latest deal that was struck between them and the Goldman were an extension of the process where people are making efforts to know about the way of functioning of the site. The Facebook has commented as saying that it will start reporting on the financial aspects of the company from the 2012 onwards and till then people have to be satisfied speculating over the entire issue.

The security institutes have stepped up the enquiry in stating the correct process to find if there has been any misappropriation of assets by the social networking giants. Since the deal that was struck between the Facebook and the Goldman was indeed huge so all efforts must be made to make sure that entire transactions were done on a clear note and there was no case of fraud.

The enquiry commission had asked for all the documents pertaining to the deal for the purpose of the enquiry and the enquiry is still on. Still the enquiry is on a preliminary note and there are lot of paths that are open for the part of the investigation though the Facebook group has been quick in responding and said that it has no problem what so ever in making all the documents public and that it would do so from the first month of next year.

The CEO and founder of the Facebook, Mark Zuckerberg was quick to comment in the entire episode and said that he had no intension whatever to make the company public but there are serious pressure from the federal securities law that wants the company to file financial information note which is a requirement if there are more than 499 share holder for a particular company.

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