Signs point to Facebook going public in 2012. If Mark Zuckerberg’s social network has a successful IPO, it could mean hundreds of millions of dollars in taxes get pumped into California’s coffers. (David Paul Morris, Bloomberg / September 22, 2011)
By Anthony York, Los Angeles Times
January 15, 2012, 9:42 p.m.
Reporting from Sacramento— The future of California’s public schools, universities and health programs could be linked partly to the fictional town of FarmVille.
The popular virtual world is the creation of Zynga, a San Francisco online game company that raised $1 billion in an initial public stock offering last year. Because California receives much of its income from capital gains taxes, such moves by businesses like Zynga can mean hundreds of millions of dollars for state coffers.
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