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Facebook has skirted this for a year now. They sold a bloc of shares to, IIRC, Goldman Sachs who runs it like a private equity fund, selling shares of the fund to as many of its rich clients as possible.

In other words, they NAT'ed the shares.



What does it mean that they "NAT'ed the shares"?


like the networking NAT (network address translation).

To facebook, goldman sachs is a single investor. However, many individual investors are part of that GS banner.

In much the same way, with a NAT, there may be many computers within an internal network (but to the outside world there is a single external IP address)




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