Facebook Ipo Could Give California Nearly $2.5 Billion In Five Years

By Chris Megerian, Los Angeles Times, Los Angeles Times
Tue, 02/28/2012 - 1:00am

Even with that infusion of money, California's legislative analyst says he thinks state revenue may be billions less than Gov. Brown has forecast.Facebook's eagerly anticipated Wall Street debut could pump nearly $2.5 billion into California coffers over the next five years, the state's top budget analyst said Monday.

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Topics: california facebook facebook ipo initial public offering ipo jerry brown state budget

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