Possible Facebook IPO could give boost

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Possible Facebook IPO could give boost

Calif. stands to reap millions in tax gains to offset $9.2B deficit
Paul Sakuma/Associated Press
Facebook could be on its way to providing a boost to Calfornia’s treasury. There is speculation the company could go public on the stock market this year, and if that happens, it could value the company at more than $100 billion, which would help California, a state with a $9.2 billion deficit.

Possible Facebook IPO could give boost

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Paul Sakuma/Associated Press
Facebook could be on its way to providing a boost to Calfornia’s treasury. There is speculation the company could go public on the stock market this year, and if that happens, it could value the company at more than $100 billion, which would help California, a state with a $9.2 billion deficit.
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