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SAN FRANCISCO (Reuters) - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's. The eight-year-old social network that began as Mark Zuckerberg's Harvard dorm room project indicated an initial public offering price range of between $28 and $35 a share on Thursday, which would value the company at $77 billion to $96 billion. ...

Facebook has become an official observer at the Global Network Initiative, a non-government organization dedicated to promoting Internet freedom and privacy rights.

Facebook is hoping to raise as much as $11.8 billion in an initial public offering of stock. It would be the largest IPO ever for an Internet company. Here are the top 10 so far, according to Renaissance Capital, an IPO investment adviser:

Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, The Wall Street Journal reported on Thursday. According to the paper’s unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. Facebook is expected to make its offering on May 18th following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports. Facebook’s IPO is expected to be the largest such offering in history by an Internet company, besting Google’s $1.9 billion 2004 offering by a wide margin. UPDATE: Facebook will offer 337.4 million shares priced between $28 and $35 per share, StreetInsider.com reports. According to CNBC, Facebook

Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, The Wall Street Journal reported on Thursday. According to the paper’s unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. Facebook is expected to make its offering on May 18th following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports. Facebook’s IPO is expected to be the largest such offering in history by an Internet company, besting Google’s $1.9 billion 2004 offering by a wide margin. Read

Facebook has become an official observer at the Global Network Initiative, a non-government organization dedicated to promoting Internet freedom and privacy rights.

Thousands of people oppose the controversial Cyber Intelligence Sharing and Protection Act (CISPA), including the Obama Administration and “Anonymous.” The bill, which was recently passed by the United States House of Representatives, looks to give businesses and the federal government legal protection to share cyber threats with one another in an effort to prevent online attacks. Internet privacy and neutrality advocates feel as if the bill does not contain enough limits on how and when private information can be monitored. Numerous technology companies — such as Microsoft, Apple, Facebook, IBM, Intel and Oracle — have voiced their support for the bill. Mozilla on Tuesday, however, took a stand and announced its opposition against CISPA. “While we wholeheartedly support a more