Facebook may delay IPO until 2012, report says
Here's a part of the Bloomberg story, quoting three anonymous sources:
Facebook would benefit from another year of growth absent the added scrutiny that comes with a public listing, instead of holding an IPO in 2011 as investors speculated, said the people, who asked not to be identified because Facebook doesn’t discuss share-sale plans. Still, Zuckerberg, who holds board control, could push for a stock sale at any time, they said.
The Bloomberg report is dominating tech talk Friday, as investors and techies alike look for clues on how the social networking titan is going to monetize its business. Reports (like mine) last week painted a cloudy picture over Facebook's future with the filing of a lawsuit by a New York businessman who claimed ownership of Facebook. But the company has dismissed those claims and more recently said it appears that a document produced by Michael Ceglia that allegedly shows chief executive Mark Zuckerberg's signature and handover of equity in Facebook is fake. (Disclosure: Washington Post. Co. chairman Donald E. Graham sits on the board of Facebook).
"Ceglia has refused to produce the original contract and the copy we've seen is a forgery, with inconsistent margin sizes, inconsistent font sizes, and other glaring discrepancies," Facebook said in a statement. "We will continue to defend this baseless lawsuit vigorously."
July 30, 2010; 3:01 PM ET
Categories: Facebook , Privacy
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