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The social media Company “Facebook” now reports 901 million monthly active users, 300 million photos uploaded per day and 125 billion friendships. Facebook has updated these details in its S-1 filing with the Securities and Exchange Commission (SEC). This S-1 filing also shows that 488 million people access Facebook via mobile products. Previously, Facebook reported 845 million active users when it filed for its initial public offering (IPO) in February.

Facebook may have hired three more banks to work on its initial public offering (IPO): Deutsche Bank, Credit Suisse Group, and Citigroup. In February 2011, Facebook set up a $1.5 billion credit agreement with five of the six leading underwriters Morgan Stanley, JPMorgan Chase & Co, Goldman Sachs, Bank of America Merrill Lynch and Barclays Capital. But Facebook, Deutsche Bank, Credit Suisse, and Citi representatives are all declining to comment….

Facebook has done S-1 filing  for starting its much expected IPO. Facebook in its IPO filing revealed that it now has 845 million users, nearly half the world’s Internet users. And it reported $1 billion in profits on $3.7 billion in revenue last year. The S-1 filing also revealed how dominant founder and CEO Mark Zuckerberg’s control of the company is, with Facebook’s structure of two classes of stock ownership…

Facebook Inc., the world’s largest social-networking service could file papers for its initial public offering as early as next week, that could raise as much as $10 billion and value the company at $75 billion to $100 billion according to The Wall Street Journal report. The WSJ report says Facebook is close to hiring Morgan Stanley to handle the deal.Spokespeople for Facebook, Morgan Stanley and Goldman Sachs declined to comment. The…

Facebook is expected to make its long-awaited initial public offering (IPO) in the third week of May, according to US reports. If FaceBook plan to go public in May,must file its IPO documents within the next month, given that the review by the Securities and Exchange Commission usually takes about three to four months. It will also likely draw a lot of scrutiny due to the size of its user…

Forrester Research analyst Josh Bernoff said The Facebook IPO will be the biggest financial event in the tech industry for 2012. Nick Einhorn, an analyst at Renaissance Capital, said he expects Facebook to file its IPO paperwork with the US Securities and Exchange Commission (SEC) in the first quarter and start trading on Wall Street later in the year. According to The Telegraph an IPO will make Zuckerberg one of…