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The Opposite Of The Facebook IPO

Tired of hearing nice stories about people getting rich? Here's an antidote: Nokia, once the largest phone company in the world, burned through nearly $3bn in savings in the last five quarters, and could be broke within a year.

Last updated on July 3, 2018, at 11:38 a.m. ET

Posted on May 18, 2012, at 3:05 p.m. ET

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