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Thursday 17 May 2012

The Facebook deal worth $100billion that will make Bono the world's richest rock star (but at what cost to your privacy?)

Hugging a hoodie has always been a risky business, but never before have the stakes been so high.

Tomorrow, Wall Street will invite the world to buy shares in Facebook and take what is expected to be a $104 billion gamble on its guiding light, Mark Zuckerberg, a hoodie-wearing 28-year-old who, only a few years ago, gave out business cards that read: ‘I’m CEO, b*tch’.

It’s no wonder, then, that Friday’s stock market launch - or initial public offering (IPO) - of the internet’s most popular social network has evoked almost as many shivers of fear in the business world as it has gasps of excitement.

Zuckerberg, a dentist’s son who created his original networking site in a single night from his dorm room at Harvard just eight years ago, will ring the opening bell on New York’s NASDAQ exchange tomorrow.                      Read Full

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