SEC rule likely to trigger Facebook IPO in 2012


Facebook 2

SAN FRANCISCO: With so many investors becoming fans of the company, Facebook will be legally required to begin sharing more information about its finances and strategy by April 2012, according to documents distributed to prospective shareholders.

Some of the numbers that began trickling out were eye-popping — most notably a net profit margin of nearly 30%, much higher than most people had previously speculated.

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