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Facebook has filed for its initial public offering (IPO), and assuming the Securities and Exchange Commission (SEC) approve it, Facebook will emerge on the public stock market in a couple of months, create up to $10 billion of capital, and make multi-millionaires out of its stock-holding employees.

To start the IPO ball rolling, Facebook had to submit an S-1 form to the SEC.

Firefall developer Red 5 Studios is taking part in a day-long shutdown to protest SOPA, but it's also putting its money where its mouth is by dropping out of E3 and using the funds to start a gamers' grassroots lobbying organization.

We talked with CEO Mark Kern about the bold move.

CEO Mark Zuckerberg promises to make Facebook a privacy leader.

Facebook has just used their keynote at f8 to unveil a major new feature: Timeline. It's your Profile re-imagined in a more visual way.

"It's the heart of your Facebook experience, completely re-thought from the ground up," CEO Mark Zuckerberg noted.

We’re setting up shop this morning at Facebook HQ in Palo Alto, covering a press event that Facebook CEO Mark Zuckerberg heralded as “awesome” last week, causing stirs of Facebook anticipation smack in the middle of the Google + launch.