THE ASSOCIATED PRESS I AP 360

New York City, USA
18 May 2012

Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth more than $100 billion, according to the price range for its upcoming initial public offering of stock.

Facebook's IPO, expected on May 18th, would be the biggest ever for an Internet company. Facebook disclosed the price range of $34 to $38 per share in a regulatory filing.

Facebook Inc.'s IPO has been highly anticipated, not just because of how much money it will raise but because Facebook itself is so popular. The world's largest online social network has more than 900 million users.

CEO Mark Zuckerberg, who turns 28 this month, has emerged as a wunderkind leader who's guided Facebook through unprecedented growth from its scrappy start as an online hangout for Harvard students.

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