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Facebook Inc. could file papers for its initial public offering as early as this coming week, people familiar with the matter said, as anticipation mounts for what is likely to be one of the biggest debuts for a U.S. company.

Facebook looks set to file papers for its public stock offering by as soon next Wednesday, CNBC reported Friday. The highly anticipated IPO will value the world's largest social networking site at between $75 billion and $100 billion, CNBC said, citing The Wall Street Journal as the source.

Facebook will hit the 1 billion user mark in August, according to an analyst... You know what’s cool? A billion. Users, that is. Having passed the $1 billion revenue mark some time ago, Facebook is now closing in on 1 billion users. The company claimed 800 million users in September, so it’s not surprising that claiming membership of one-seventh of humanity is now within the social network’s grasp.

A survey by a UK-based divorce website shows that Facebook figures prominently in one-third of divorce petitions, an increase of 13 percent from two years ago.

The most anticipated stock market debut of 2012 is expected to value Facebook at as much as $100 billion and mint at least a thousand new millionaires.

Micro-blogging site Twitter is joining the ranks of Facebook and Google+ as it launches 'brand' pages as part of a service-wide redesign.

Facebook has settled a complaint by the Federal Trade Commission that the social networking giant deceived consumers by promising privacy protections while it shared and made user data more public, according to the FTC.

Facebook is targeting dates between April 2012 and June 2012 for an initial public offering of its stock. The company is exploring raising $10 billion in an IPO that could value Facebook at more than $100 billion.

The world is even smaller than you thought. Adding a new chapter to the research that cemented the phrase “six degrees of separation” into the language, scientists at Facebook and the University of Milan reported on Monday that the average number of acquaintances separating any two people in the world was not six but 4.74.