Goldman's Odd Luck With Social Media IPOs

No surprise here. Among those contributing to the mediocre debut of Facebook

shares last Friday and the stock's nearly 11% decline today was Goldman Sachs

, the venerable Wall Street bank that along with rival Morgan Stanley

helped lead the much anticipated Facebook IPO. The bank and funds it manages raised almost $1.1 billion selling Facebook shares. That's nearly half of Goldman's stake in the social media darling

. Following its Facebook windfall, Goldman is looking to beef up its investments in tech start-ups. Along those lines, anxious Facebook shareholders might want to remember that at least one other social media stock Goldman invested in rallied after the firm was done selling its stake. Goldman invested in LinkedIn

in 2008 and sold shares its shares at the top end of LinkedIn's 2011 IPO range, or $45. Shares of LinkedIn have more than doubled since then, closing at $96.84.