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Ernst & Young named Dianne Glynn managing partner for the company's Redwood Shores office.

With their big cash cow now a public company, secondary trading markets look beyond hot start-ups to fill the void.

Some thoughts on the Facebook IPO: Secondary markets - where investors can buy stock in privately held companies from employees, former employees and early investors - did a pretty good job predicting Facebook's public market value.

SharesPost and Second Market, two marketplaces where investors can buy stock in privately held companies, released data Friday showing the prices at which Facebook shares changed hands before its initial public offering.

That's how much the news service estimates Facebook co-founder Eduardo Saverin could save in federal income taxes after having renounced his United States citizenship in advance of social media company's public debut.

Shares of Google and Apple are probably better long-term bets than Facebook , and investors would do well to skip its highly touted IPO, Barron's wrote in its May 14 edition.