Unlike the recent Instagram deal, Facebook and Karma did not announce to news terms of the purchase. Karma posted to its website news of the announcement.

The gift-giving company located in downtown San Francisco tells news that the merger will flow well. “We’re thrilled to announce that Karma has been acquired by Facebook. The service that Karma provides will continue to operate in full force. By combining the incredible passion of our community with Facebook’s platform we can delight users in new and meaningful ways. As we say … only good things will follow.”

The Karma deal will further solidify Facebook’s entry into the social gifting arena. “And we’re just getting started — today we take social gifting to the next level” said Karma.

The Karma deal gives an insight into Facebook’s advancement into the mobile e-commerce arena, as well. Karma is a one year old company in which you send a gift, like a bottle of champagne, to a friend over your mobile device. You then get a message by TXT, email or via Facebook that the gift was announced to your recipient.

That recipient then has the option exchange the gift for something else, donate it to charity, or choose a favorite flavor or color for the item. Karma wraps and sends the gift thereafter. Karma tells news “Over the last year, we’ve built a new e-commerce platform from the ground up. We’ve been honored to partner with amazing brands to create a curated catalog of products.”

Yuri Milner and Peter Thiel are usually names mentioned in stories about initial Facebook investments. But other names included two artists being reference today.

Among them are David Choe. In 2005, Facebook hired the artist to paint part of the company’s first Facebook headquarters. Rather than get paid sixty-thousand dollars in cash, Choe asked for shares, and got them. Choe, a graffiti artist, is reportedly set to get a two hundred to five million dollar position with Facebook going public today. He once told Barbara Walters “It’s gonna sound horrible for me to say money is meaningless. But everyone’s like: ‘What are you gonna do now, now that you have all this money and freedom?’ I’m like, ‘I’m still gonna do whatever I want, except more people are just gonna bother me now.’ “

Bono, however, got his investment four years later. In 2009, his private equity firm, Elevation Partners, bought a 1.5 percent stake in Facebook. At the time, that investment was reportedly worth $90 million. News report claim that Elevation was able to increase its position to 2.3 percent thereafter.

While initial news reports today claimed that Bono’s personal Facebook position will be worth $1.5 billion, those reports have since been indicated as erroneous. Those reports mistakenly credited the entire Elevation position as being owned solely by Bono.

The FB stock trading start time was also announced to news yesterday afternoon. FB shares will not begin trading when the markets open in roughly sixty minutes from now. Rather officials confirm that Facebook stock trading will begin at 11 am EST / 8 am PST Friday.

Second, private, institutional, and high equity investors yesterday learned from their brokerage houses if they got allocation of shares through the IPO at thirty-eight dollars. Reports claim that more allocations could be given before the markets open today.

Facebook Friday is expected to raise more than $16.5 billion for the company today at thirty-eight dollars per share. But when the stock begins trading Friday, the price could open far above the IPO level of thirty-eight dollars if demand is any indication.

On Wednesday, $100 million in extra shares were put into this initial public offering, increasing the offering by twenty-five percent. The news came after indications of massive over-subscription from institutional and private investors to get IPO shares, as much as twenty-five percent in some countries.

And while retailer investors are expected to drive the demand Friday, others will be cashing out. Hedge fund Tiger Global today news this week that it would increase the number of shares it would sell through the FB IPO. The hedge found increased its sale offering from 3.4 million shares to 23 million shares.

News analysts anticipate that the sale by Tiger Global, which has owned Facebook for years, could bring the company a gain of nearly $750 million. CNBC reports the company still has positions in Apple and LinkedIn.

Also selling Friday are reportedly funds operated by Yuri Milner. Milner runs Digital Sky Technologies and reportedly will sell a large holding Friday.

LALATE previously reportedly Milner’s record home purchase from Fred Chan (ESS Technology). In 2011, Milner’s purchase price of $100 million was the highest amount ever paid for a single family residence in the U.S., says reports today. In 2009, news reports put his Facebook position, at that time, at $200 million.

Second, company officials are expected to announce after the market closes today if bids placed by investors to get IPO shares will be filled. Shares available for the IPO were increased by twenty-five percent Wednesday.

On Friday, the general public will be able to buy Facebook shares. The start time is anticipated, but not yet confirmed, after the market opens. Once trading under the NASDAQ ticket “FB”, Facebook’s IPO is still expected to make history. News analyst are still unsure if the IPO will pass the $16.5 billion mark set in 1999 by ENEL SpA’s, currently the second largest in the U.S. But even at sixteen billion, the IPO would be the seventh largest worldwide, ever.

While eight changes have been made to Facebook’s IPO status since its initial news announcement on February 1, news analysts are not expecting an additional change today. If no change is made, that Facebook will still not pass the largest IPO in U.S. history, VISA, at more than seventeen billion. The world’s largest IPOs to date remain ABC Bank, ICBC Bank, NTT Mobile, and VISA respectively. After VISA, AIA sits at $17.8 billion followed by ENEL.

Mark Zuckerberg is expected to sell roughly thirty million shares during the IPO offering. Reports claim that Zuckerberg is making the sale to cover tax bills for exerting stock-options. But after Friday, Zuckerberg could be worth roughly $19.1 billion if he still holds more than five hundred million shares.

Second, unconfirmed news reports claim that private investors will also learn about allocations on Thursday. “Allocations” are bids that private investors put with participating brokerage houses to buy IPO shares. On Thursday, those investors are expected to learn from their brokerage houses if their allocations, or bids, to get IPO shares will be filled in full, part, or not at all.

Earlier news reports this week indicated massive demand, far in excess of the anticipated allocation. But today, Facebook modified its offering. It increased the size of its IPO by twenty-five percent today.

On Wednesday, amid over-placed demand for allocations, Facebook offered up as much as roughly one hundred million additional shares into the IPO pool. But where did those shares come from?

The WSJ reports that the shares came from “venture capitalists and early investors” who opted this week to sell as “much as half of their stakes in the company.” Reportedly the company asked numerous early seed investors to allocate more shares to meet this 25% increase today, claimed the WSJ.

At roughly thirty-eight dollars per share, Facebook Friday could raise $16.5 billion for the company. But the record in the US remains the VISA IPO which raised a record $17.9 billion in March 2008.