Sunday, May 13, 2012

Facebook IPO Week

Facebook IPO Week: The Basics | News & Opinion | PCMag.com


Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, a move that finance watchers consider a creative tactic for avoiding the estimated $1 billion or so in taxes that Saverin could otherwise owe come Facebook IPO time. Saverin owns an estimated four percent of Facebook, which could be worth around $4 billion once the company goes public.

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