Welcome to WebmasterWorld Guest from

Forum Moderators: httpwebwitch & not2easy

Message Too Old, No Replies

FB IPO to bring 2.5 billion to Calfiornia



12:23 pm on Mar 7, 2012 (gmt 0)

WebmasterWorld Senior Member tangor is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

California state budget analysts report that Facebook's impending IPO will bring the state a tax windfall of nearly $2.5bn.

"Facebook's possible IPO ... [is] likely to generate substantial capital gains and other income for a small number of Californians and, in so doing, generate additional state tax revenues over the next few years," concludes a recent report from the California Legislative Analyst's Office (LAO).


Featured Threads

Hot Threads This Week

Hot Threads This Month