The Goldman and Sachs Group did make a mistake in overlooking the efforts of scuttling the sale of facebook shares to the investors of USA. This entire aspect was miscalculated by the banks who tried to offer shares and stocks to the company which has at least 60 million users.

In a recent press release, Goldman Sachs was quite prompt in replying to the entire aspect of the deal and commented that it could not allow any investor from the USA to make relevant investments. The matters of investment will be controlled and limited to the investors who are "non-US" people. The amount of media attention that it has been able to generate has not been consistent. The company is all set to sell the $1.5 billion of which is closely held by facebook to the customers of the personal wealth units.

The security laws of USA have restrictions on the solicitations and advertisements of the number of stocks that are offered in the private placements. This is a type of sale that actually demands less amount of closure and a lot of well to do traders, financers and investors can participate. This is a prohibition that has seriously clashed with the public interest on the facebook.

Some of the top notch people of the society have commented that this is one area that has actually been wrongly perceived by the bank as they should have been aware that it is a popular site with more than 600 million users and hence to keep any deal of such magnitude is indeed very difficult.

This was a setback which came after the bank, Goldman Sachs, which is the most profitable financial institute in the Wall Street, paid a huge sum of $550 millions of money for settling the issue of civil fraud related issues by the Exchange Commission and US Securities.