Friday July 30, 2010

Facebook May Put Off IPO Until 2012

A new report, citing anonymous industry sources, claims that Facebook is postponing an initial public offering until at least 2012. I’m not sure how you can "put off" something that hasn’t seen announced before but there you have it.

This comes as no surprise as Facebook CEO Mark Zuckerberg has always been very careful on the subject. "At some point along the path, I think it’ll make sense to have an IPO. But we’re not running the company to do that. We’re running the company to serve more people," he said recently.

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