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Facebook IPO set for May 18 -- Report

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The proof is in the pudding and on May 18, the world will learn what social networking is really worth. Facebook, which has a valuation of $100 billion, has set its IPO date for May 18, according to The Wall Street Journal. The company expects to raise over $10 billion.

Early investors like Bono’s Elevation Partners and other bold-faced names will be in the black, and still more in the inner circle will be able to invest outright. But what does Facebook’s going public mean for users? For a basic outline and understanding of just how big Facebook is and what the IPO could mean on a larger scale, check out this video from Kapitall, first picked up by Mashable, below: 

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