Facebook To Go Public In 2012

The New York Times DealBook is reporting that Facebook is looking to go public in 2012, according to the memorandum prospectus Goldman Sachs GS gave to prospective investors. Facebook had revenues and net income sharply higher in 2010 than in 2009. In 2010, it had revenues of $2 billion, whereas in 2009 in had revenues of $777 million.