Most of Facebook’s revenue today comes from advertising, but the company is sitting on another huge opportunity: selling virtual and real-world goods through its payment platform. Today, Facebook submitted a third update to its IPO filing. Most of the new info related to legal matters, like the Yahoo patent suit. But there was one interesting business tidbit in there: Payments and other fees revenue increased to $557 million in 2011…

The time has finally come when the social networking giant, Facebook, will let the public own a piece of the pie. Rumor has it that April is most likely the time of the Facebook IPO. Several reasons lead me to believe Facebook will be the best IPO of 2012. The huge member base, the large amount of diversity, and the massive amount of profit that can and has been made…