How can I buy private Facebook stock?

[Buckabinga]

I understand there are some web sites that deal in trading privately owned stock and that one can buy Facebook stock at these couple sites. Can anyone direct me to where/how I can purchase some of that stock?

[falsi fiable]

You can't. The SEC will not permit Americans to buy any.

[Ginko]

That is almost certainly a scam, if you would like to buy shares in a private company, go through a private banker

[broadgoose726]

Tell your Private Banker (Not to be confused with Wells Fargo or Bank of America or your regular Banker) to transfer at least $10,000,000.00 EUR to Goldman Sachs and they will help you. They are handling the IPO.

It is unlikely that you will get any shares but it's worth a shot.
Facebook is only for people with over $100,000,000.00 EUR.

[John W]

For privately held shares, you have to find someone who owns some and convince them to sell them to you. They're not available on any public markets, there are no web sites that trade in private stock.

[Mike]

SEC regulations requires that a company can not have more than 100 owners and still remain private. Initially Goldman Sachs was going to try to sidestep US regulations and sell the shares to its US clients claiming that there was only one holder of the shares (Goldman Sachs).

However, with all the publicity, Goldman Sachs got cold feet fearing that they would end up losing another large lawsuit. Therefore they are only selling the shares to foreigners which isn't regulated by the SEC.

[Gael Butler]

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[howardrourke]

SecondMarket and SharesPost both deal in private stock sales. Facebook sales are currently the majority of transaction on both of these sites. You will need to be an accredited investor (over $1 Million net worth or income of $200k annually for multiple years) to qualify. These sales are not particularly liquid and they are assuming very rich valuations for Facebook. The fees are very high for these types of private placement sales. These types of sales are difficult for small investors because you don't have the benefit of a liquid public market in pricing the company. In my opinion, unless you are a sophisticated investor or a venture capitalist, you are better off buying stock in the secondary market after the IPO.