I have been hearing these rumors about Facebook, but none of these news carriers has been bold enough to quote anyone directly from Facebook Team or even give a link to where Facebook had announced their intention to create Facebook coin directly, so I see this as strictly rumor.

I learnt that they were also raising about 1 billion dollars I think for the project and for them to have thought of launching the coin, and then they must have finished raising the fund. So my question is, who raised the fund, what time did they conclude their ICO for them to raise such amount from public, I doubt the authenticity of this Facebook news.