Joined Nov 11, 2007
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Status update: Facebook to go public, raise $5B

The documents show, as expected, that Facebook is thriving. The company earned $668 million on revenue of $3.7 billion last year, according to the filing. Both figures nearly doubled from 2010.

“The company is a lot more profitable than we thought,” said Kathleen Smith, principal of IPO investment advisory firm Renaissance Capital.


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