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Facebook Reveals Financial Details Before IPO
Written by Pat's Papers | Thursday, 2 February 2012 9:50 AM
Details about Facebook’s finances are trickling in as the company prepares for its IPO. The San Jose Mercury News says the company earned $1 billion in profit last year, on $3.7 billion in revenue. The filings also reveal that Facebook now has over 845 million users, which is about half of world’s Internet users. Not bad for a company everyone thought didn’t have a business plan.
SOURCE: San Jose Mercury News
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Celebrity Skate: The Performance
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