Facebook today once again updated its filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This is the fifth time it has done so, and the biggest update is that Facebook has set a price range of $28 to $35. Given the sale of some 337.4 million shares, 180 million of Class A common stock, this means the company could raise between $5.04 billion…

Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion (6 billion pounds), but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say. The Harvard dropout, who launched the social networking phenomenon from his dorm room, will control 56.9 percent of the voting shares in a company expected to be valued at up…

Stanford University alumnus Ezra Callahan likes hockey and has 722 Facebook friends. Among them are Sean Parker, Dustin Moskovitz and a college dropout named Mark Zuckerberg. Those friendships are about to pay off. That’s because Callahan is one of a cadre of people with substantial equity stakes in Facebook Inc. His slice of the pie is slim — a reported 0.08 percent — but given the social network’s expected valuation…