Bottom Line - Facebook files to raise $5 billion in IPO: "BREAKING NEWS
Facebook just filed documents paving the way to raise $5 billion in an initial public offering of stock.
The social media giant said it had revenue of $3.7 billion last year, up from $1.97 billion in 2010, as it detailed its finances publicly for the first time in an S-1 filing with the Securities and Exchange Commission. Facebook reported net income of $1 billion on the dot last year, up from $606 million the year before."
'via Blog this'
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