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back to article $50bn-valued Facebook goes public about going public

Facebook finally confirmed on Friday that it had indeed raised $1.5bn courtesy of brokerage Goldman Sachs and Russian investor Digital Sky Technologies. Reports that the Mark Zuckerberg-run social networking website had been valued at $50bn – that’s almost as much as dominant UK retail monster Tesco ($54bn) – surfaced earlier …

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Happy

Have we been here before?

This is so "myspace"

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How to make money from Facebook

1. Splunk some cash in during the "insider dealing" underpants round.

2. Sell quickly during the IPO before it does a lastminute.com

3. Profit

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Anonymous Coward

Madness

>It's been reported that Facebook pulled in $1.2bn in revenue over the

>first nine months of 2010, and net income reached $355m.

Is this real income or including "investments"?

Either way they appear to have valued it at 50 times earnings?

It's almost fraud.

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Stop

Geneology

Has anyone traced the roots of the facebook board?

Any Nigerian connections?

Or perhaps some ancient Egyptian, since they seem to be good at building pyramid schemes.

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