Facebook joins Fortune 500

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Monday, May 06, 2013

USA Today: Facebook joined the Fortune 500 for the first time, due to its rising revenue.

Facebook entered the list at 482nd with revenue of $5.1 billion, coming in just after cellphone carrier MetroPCS being bought by T-Mobile and just ahead of utility Pepco Holdings.

The list, though, also serves as a big reminder of how relatively small Facebook is given the inordinate amount of attention it gets.

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"I feel private enterprises are capable of operating at a higher efficiency than state government."

"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."


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