Facebook may have to launch IPO sooner rather than later

According to Securities and Exchange Commission regulations, companies with more than $10 million in assets whose securities are held by more than 500 owners must file annual and other periodic reports. Since Facebook is now valued at $15 billion, it's safe to assume that the company will begin filing quarterly reports soon.

Facebook and Microsoft Expand Strategic Alliance

Facebook and Microsoft Expand Strategic Alliance
The Redmond giant just paid $240 million for a stake in Facebook. Microsoft values Facebook at $15 billion, the companies jointly announced. Industry insiders said Microsoft paid a premium but were willing to do so to keep rival Google from doing the same first.