19 Jun, 2013
The Leela Palace, Bengaluru
Thursday, February 2, 2012 - 05:30 IST
Facebook Raising $5B In IPO; With $3.7B Revenues, $1B Profit In 2011
BY Reuters
Out of 2011 revenues, as much as 85% was from advertising while social-gaming company Zynga accounted for 12%.
Facebook took the first step toward public markets in the year's most highly anticipated IPO, which could rank co-founder Mark Zuckerberg among the world's richest people.
The world's largest social network, a dorm room project for Harvard dropout...
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