Middle East unlikely to 'go public' in 2012 - The National

Put together by college friends in the hallowed halls of Harvard University just eight years ago, Facebook has become a global phenomenon.

It now boasts more than 800 million users and had revenue of US$4.27 billion (Dh15.68bn) in 2011.

This year the social network site will grab more headlines if, as expected, it goes ahead with its plan to float on the Nasdaq. The initial public offering (IPO) will probably be worth about $100bn.

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