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Rice Prof Defends Facebook's Pre-IPO Valuation At Tax Trial

By Dorothy Atkins (March 30, 2022, 10:24 PM EDT) -- A Rice University finance professor testified in a multibillion-dollar tax trial over Facebook's 2010 tax bill that Facebook's valuation that year was less than $29 billion — over $6 billion below the IRS expert's estimates — due in part to significant risks Facebook faced going public....

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