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Facebook may postpone IPO to 2012: report

1 of 2. Facebook CEO Mark Zuckerberg delivers a speech during a session at the Cannes Lions 2010 International Advertising Festival in Cannes, June 23, 2010.

Credit: Reuters/Sebastien Nogier

Fri Jul 30, 2010 1:46pm EDT

(Reuters) - Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.

The move may give Chief Executive Mark Zuckerberg more time to gain users and boost sales, but Zuckerberg could still push for a stock sale at any time, the agency said.

Jonathan Thaw, a spokesman for Facebook, declined to comment, Bloomberg said. Facebook could not immediately be reached for comment by Reuters outside regular U.S. business hours.

Zuckerberg said in a recent television interview Facebook will sell stock in an IPO "when it makes sense."

(Reporting by Sakthi Prasad in Bangalore; Editing by David Holmes)
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Comments (4)
abkisa wrote:
If I ran the ship I’d get the IPO done as soon as possible. Facebook has nowhere to go but down. In two years it may well be another MySpace story. Things change far to fast today to have delays, their whole concept could be obsolete in two years! P.S. it probably isn’t a good investment either.

Jul 30, 2010 8:39am EDT  --  Report as abuse
josefhiggins wrote:
Zuckerberg is holding on to the idea that Facebook or any social communities for that matter, can hold longevity and thats not the case. Facebook and all current social networks are fads. Any day now, they can be replaced by something bigger/better. In todays social networking incubators, their are network sites being developed as we speak that will put FB to shame and when those sites release to the public, Facebook is done.

Zuckerberg needs to think rationally about this because what he does now will set the course for Facebook in the future. Facebook is on top and the best plan of action would be to sellout on a high note. Facebook as a good two years left.

Jul 30, 2010 8:55am EDT  --  Report as abuse
sshurwitz wrote:
“Look out below when the small talk stops” is what I’m hearing from the above comments. That may be so but trends have a way of lasting longer than we expect them to. I wouldn’t count facebook out just yet.

Jul 30, 2010 10:33am EDT  --  Report as abuse
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