Bloomberg: No Facebook IPO Before 2012, Probably
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Jul 30th, 2010 |
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Bloomberg reports that Facebook is to – probably – put off an eventual IPO until at least 2012, according to multiple people familiar with the matter. Waiting at least another year (and a half, approximately, to be clear) would reportedly give CEO Mark Zuckerberg more time to follow through on his vision without too much public scrutiny and the implications thereof, attract more users and developers, book more sales and work out other issues, such as the user privacy kerfuffle and legal matters. All this talk about Facebook going public at some time reminds me of similar chatter that has surrounded professional social networking company LinkedIn for years.
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Bloomberg: No Facebook IPO Before 2012, Probably