harmonize toCalifornia ’s Legislative Analyst ’s Office , Facebook going public could be very sound to more than just investor and longtime employees . Their estimates have the IPO netting the state in the vicinity of $ 2.45 billion from income revenue enhancement .
Since Facebook has n’t actually sold any stock just yet , California ’s estimate is presently nothing more than an educated supposition . But there ’s enough sure thing that the IPO will produce a considerable telephone number of new millionaire and billionaires for the state to start taking the receipts into consideration as they plan budgets . And asThe Atlantic ’s Alexis Madrigalpoints out , no matter how the IPO cash in one’s chips , “ Facebook going public will be great for a state that call for to close a multi - billion dollar budget gap over the next couple of years . ” [ The Atlantic ]
Image : Alexis Madrigal / The Atlantic
FacebookStocks
Daily Newsletter
Get the best technical school , skill , and finish news show in your inbox daily .
news program from the future , deliver to your present tense .
You May Also Like
