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Analyst: Don't Depend on Facebook Money, California

The state's Legislative Analyst's Office said Wednesday that "hundreds of millions" of dollars in assumed tax revenues may never materialize due to the continued slide in Facebook's stock price.

Menlo Park-based Facebook closed Wednesday trading at $20.88 per share, a new low 45 percent below the initial price.

Source: Sacramento Bee. Read full article. (link)

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