Tag Archive | "2012"

Facebook May Put Off IPO Until 2012 [REPORT]


mark zuckerberg imageFacebook may postpone its initial public offering to 2012, Bloomberg has learned from three sources familiar with the matter.

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.

Facebook’s IPO has been one of the burning topics in business circles in the last couple of years. With the company’s revenue (and valuation) rising swiftly, Facebook (Facebook) is poised to become the next Google (Google), whose initial public offering in 2004 was wildly successful, with the company increasing its market capitalization fivefold over the coming years.

Despite the pressure to go public, Facebook’s IPO seems to be pushed further into the future every year. The wait, however, will give 26-year old Zuckerberg more time to gain more users, sort out the privacy issues that have been plaguing Facebook and, most importantly, boost sales and increase earnings.

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