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1:29pm

Wed May 16, 2012
The Two-Way

Bloomberg: Facebook's Saverin May Save $67 Million By Renouncing Citizenship

Originally published on Thu May 17, 2012 6:17 am

Eduardo Saverin, co-founder of Facebook.
Jason Kempin Getty Images

Bloomberg took out its pencil, paper and calculator and came up with this number: $67 million.

That's how much the news service estimates Facebook co-founder Eduardo Saverin could save in federal income taxes after having renounced his United States citizenship in advance of social media company's public debut.

Bloomberg reports:

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10:14am

Wed May 16, 2012
Planet Money

How Facebook Can Live Up To The Hype

Lam Thuy Vo / NPR

Facebook will be valued at about $100 billion when it goes public this week. What would it take for that valuation to be justified?

As we noted yesterday, the value of a typical big, public company is 15 times the company's annual profit. So a company valued at $30 billion would typically have annual profits of $2 billion.

Facebook will be valued at 100 times its current annual profits. That's because investors expect the company's profits to go through the roof in the coming years.

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6:14am

Wed May 16, 2012

5:43am

Wed May 16, 2012
The Two-Way

Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 Percent

Originally published on Wed May 16, 2012 6:20 am

Paul Sakuma AP

The hoopla continues over Facebook's initial public offering of stock, with word that the social media giant has increased the size of Friday's IPO by 25 percent.

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1:15am

Wed May 16, 2012

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