The US tax authorities are in for a major windfall from Facebook chief Mark Zukerberg, as the upcoming IPO of the social networking giant could make him pay in taxes as much as $903 million. Interestingly, his total estimated tax payout amounts to more than 85 per cent of the total proceeds of about $1.045 billion Zuckerberg is expected to rake in from part sale of his own shares in…

Facebook plans to hold an additional briefing for analysts and bankers in April, at which time in-depth financial information may be discussed, according to people familiar with the matter. A meeting held Monday March 19 at Facebook’s Menlo Park, Calif., headquarters and led by two top executives featured no talk of future financials, these people said. Leading the presentation were chief operating officer Sheryl Sandberg and chief financial officer David…

SAN FRANCISCO (Reuters) – Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday. Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added, said the sources, who requested anonymity because they were not authorized to speak publicly on the matter. Last September, Facebook increased its credit line to $2.5 billion….

While the mainstream financial media chases every conceivable Facebook angle ahead of its initial public offering (IPO), which is expected sometime in May, it’s important not to get lost in the frenzy. About $5 billion worth of shares will be sold, though the deal values the entire enterprise at between $75 billion and $100 billion. Only a little more than two dozen U.S. companies have a market cap that size….

As Facebook prepares to go public, five key figures, including Bono and LinkedIn founder Reid Hoffman, are set to make billions. The social networking company is poised to fire the starting gun on a flotation that’s set to value the world’s biggest social networking site at up to $100bn (£60bn). The company that Mark Zuckerberg founded in his room at Harvard University in 2004 is expected to file to sell…