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SOCIAL MEDIA NEWS: Facebook prepares to float

The financial world is holding its breath this week ahead of Facebook’s impending floatation on the stock market.

Reports are circulating around the Internet that the social networking giant is preparing to file papers this Wednesday.

Commentators are suggesting the company may be valued at somewhere between $75-$100 billion, which would see the floatation potentially generating an additional $10 billion.

Watch this space...