RUMOR: FACEBOOK TO GO PUBLIC IN FIRST QUARTER 2012, VALUED AT OVER $100 BILLION

According to CNBC, Facebook may go public during the first quarter of next year, and sources expect the company could be valued at more than $100 billion. Facebook could find an IPO more attractive once it surpasses a total of 500 investors, because after that milestone it will be required to file financial information with the SEC each quarter — otherwise known as the “500 rule” of the 1934 Securities and Exchange Act. CNBC said that Sheryl Sandberg, Facebook’s Chief Operating Officer, recently said that an IPO would be “the next thing that happens” and that such a move is “inevitabl

PRESIDENT OBAMA TO HOLD TOWNHALL ON FACEBOOK

The White House has announced the Commander in Chief's plans to hold a live streaming Town Hall meeting from Facebook HQ with Zuckerberg and COO Sheryl Sandberg. The event is set for 1:45PM PST April 20th, and already has 3,400 attendees lined up. Users are encouraged to submit their questions about innovation and the economy via the event's Facebook page, and the comments are already rolling in.