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Editorial Results (free)
1. Facebook Surrenders Its Privacy in IPO Documents
- Friday, February 03, 2012
SAN FRANCISCO (AP) – Facebook is baring its business soul.
The unveiling came late Wednesday when the company that depends on people to share their lives online filed its plans to raise $5 billion in an initial public offering of stock. It's a revelatory moment that prospective investors, curious competitors and nosy reporters have been awaiting for two years. During that time, Facebook established itself as a communications hub and emerged as a threat to the Internet's most powerful company, Google Inc.