Will.i.am is planning to set up his own Facebook site, it has been reported.

The Black Eyed Peas member wants to create a site that could rival Mark Zuckerberg’s Facebook.

"Everything’s changed and still is changing. These sites bring tens of millions of people together every day, so when I see Twitter and Facebook, I see the Stones and The Beatles," Will.i.am told The Sun.

He added: “Ten years from now, I could be Zuckerberg.”

Meanwhile, Black Eyed Peas star Will.i.am has offered X Factor contestant Cher Lloyd a record contract according to reports.

(by Holly Frith)