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'Sliding' Facebook stock price could hurt California's budget
California's budget could take a hit if Facebook's stock price keeps sliding following the social networking giant's disastrous Initial Public Offering performance, according to a report.
Governeor Jerry Brown was counting on about 1.5 billion dollars in income taxes related to the company's IPO to help patch the state's swelling 15.7-billion dollar deficit.
But if the stock price remains low, a
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