Facebook's IPO Could Earn The State Of California $2.45 Billion

zuckerberg money

Windfalls from the Palo Alto-based Facebook’s IPO could net the state of California $2.45 billion, and as much as $1.45 billion in 2012-2013 alone, Alexis Madrigal writes for The Atlantic.

These inexact estimates are taken from a report by California’s Legislative Analyst’s Office.

The money could go a long way toward helping California overcome a multi-billion dollar budget deficit.

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