At long last, the Holy Grail of Internet IPOs is here. Facebook filed Wednesday to raise $5 billion in an initial public offering. In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million daily active users. The company crossed the line into profitability in 2009, five [...]

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 [...]

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 [...]

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 [...]

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 [...]