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Beating Facebook Easier Than Avoiding Web Bubble: William Pesek

Mark Zuckerberg shouldn’t lose too much sleep about China’s Facebook beating him to Wall Street.

Renren Inc. is the first social-networking website to go public in the U.S., raising $743 million with which founder Joseph Chen can tap China’s 1.3 billion people. China is a market Facebook Inc. has yet to friend and the U.S. equity market is a place Zuckerberg has yet to tread.