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

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.

Sections:  news   u.s.   business   
RELATED ARTICLES
  • Mobile Efforts Help Propel Facebook’s Earnings
    Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
  • All Eyes On Facebook's Mobile Growth And Graph Search Progress
    Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. More
  • Empire State Building IPO clears NY legal hurdle
    A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge. More
  • One flight closer to space tourism
    Virgin Galactic is one flight closer to becoming a commercial "spaceline." The company's passenger spacecraft, SpaceShipTwo, completed its first rocket-powered flight Monday morning above the Mojave Desert in California. More
BING NEWS:
  • Swiggy IPO Gets Bids of $15 Billion From Big Investors Like Norges, Fidelity, Sources Say
    NEW DELHI (Reuters) - Big investors including Norway's sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy's India IPO, 25 times the $605 million portion ...
    10/30/2024 - 3:05 pm | View Link
  • People Aren't Upgrading Their Phones as Often, and That's a Problem for Some Companies
    That's more of a personal question for you because I think you're still on what is it? The iPhone one. What's it going to take for you, Tim Beyers to buy a new phone? Tim Beyers: I do have the ...
    10/25/2024 - 6:05 am | View Link
  • Why Crude Oil Options Are Soaring
    While the fundamentals of the oil markets in 2025 wouldn’t justify an increase in bullish positions in Brent futures, options can serve to hedge due to geopolitical uncertainty.
    10/25/2024 - 2:35 am | View Link
  • Platinum Equity's Ingram Micro to Raise About $409 Million in US IPO
    Ingram Micro and its private equity owner, Platinum Equity, sold 18.6 million shares at $22 each. The IPO valued the Irvine, California-based company at around $5.18 billion. The offering was ...
    10/24/2024 - 1:23 am | View Link
  • Ingram Micro Returns to U.S. Markets With $5 Billion Market Cap After IPO
    Ingram Micro is set to make its return to the U.S. equity markets Thursday after an initial public offering that gave the computer and technology products distributor a market capitalization of nearly ...
    10/23/2024 - 11:05 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News