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With Facebook, it’s not a question of if it files for an IPO, but when. Rumours have been flying since the middle of 2011, a new report from AllThingsD suggests the social network is aiming to go public in the third week of May.

Faceboook is said that they will submit its S-1 filing within the next month, taking into account that the “Securities and Exchange Commission usually takes about three to four months”.

Facebook’s COO Sheryl Sandberg stated a few weeks ago to the report that the company’s IPO was “inevitable” and said that it was “a process that all companies go through”.

Facebook is expected to hit 1 billion users by the Summer. The company’s impending IPO is likely to spark the next crop of angel investors, becoming one of the biggest Web offerings ever.

Could this spark another Dot.com boom?

Facebook has scheduled a press-only event for next Wednesday evening (January 18, 2012), without offering any hints what-so-ever about any announcement.

The invite-only event is taking place at the restaurant 25 Lusk in San Francisco. With the lack of detail on the invite, this makes us think it could be an announcement related to a completed financial transaction. Announcing something beforehand would break U.S. laws.

We would like to hear your thoughts. Feel free to comment below!

The Delhi High Court has ordered Facebook India to implement a way to remove objectionable content or the sites will face a blackout.

Justice Suresh Kait warned that if the social network cannot monitor their content, India will follow China’s censorship lead.

“Like China, we will block all such websites,” Kait said Thursday.

But if Facebook begins to moderate content, it will be the same as if they had written it. Once the Internet heavyweights begin to interfere, they become legally responsible for content under the Indian Information Technology Act.

What are your thoughts about Internet companies coming up with a way to sort content to appease the Indian court, and more importantly what do you think the Indian Government accomplishes by blocking Facebook?

Based on the social network’s recent growth, UK digital marketing firm iCrossing is projecting that Facebook will pass the significant milestone of one billion users this August.

It’s been known that Facebook has seen a slow down in new user registrations in Western markets, like the United States, where it’s coming close to saturation point amongst Internet users, but developing markets are picking up the slack and pushing it towards the landmark. (more…)

Facebook just announced a new Listen With button in Facebook Chat. The button allows you listen to music with friends. Expect to see this new feature to start rolling out in the upcoming weeks.

Now you will be able to listen along with any of your friends who are currently listening to music. The same song at the exact same time. You can also listen in a group, so long as one of your friends is the “designated DJ.”

So how does it work? First you will need to look for a music note beside your friends’ name while using Facebook Chat. If you see that another friend listening to music, you can also listen in by hovering over their name, and clicking the Listen With button. The music will stream through the service your friend is using. (more…)