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FB infused with $8 billion before IPO

...perhaps 5%-6% FB users fake or dupe

     

tangor

12:04 pm on Mar 8, 2012 (gmt 0)

WebmasterWorld Senior Member tangor is a WebmasterWorld Top Contributor of All Time 5+ Year Member Top Contributors Of The Month



Facebook has admitted that some of its 845 million accounts might be fake or duplicated user identities, but that doesn't seem to be worrying the banks since they have doubled the social network's loans to $8bn to take care of its market debut.

Facebook said in additional filings to the Securities and Exchange Commission (SEC) that it now has secured a $5bn credit facility for "working capital and other general corporate purposes" up from a previous promise of $2.5bn. And just in case that doesn't quite cover things, it also secured a bridge loan, which will give it access to an additional $3bn specifically to fund its tax obligations.

[theregister.co.uk...]
 

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