Facebook IPO Delayed By Mark Zuckerberg: REPORT

(Reuters) - Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday.

Facebook, which is expected to have one of the biggest IPOs in history, plans to go public at the end of 2012, a later public debut than it originally planned, the newspaper said, citing people familiar with the company.

The newspaper reported that chief executive Mark Zuckerberg wants to delay an IPO until September or later in 2012 so employees can stay "focused on product developments rather than a pay-out." The decision was not related to market conditions, the paper said.

Facebook could not be reached for comment.

Sources told Reuters earlier this month that Facebook's revenue doubled to $1.6 billion in the first half of 2011. Investors have pushed its valuation to roughly $80 billion in the private markets.

(Reporting by Liana B. Baker; Editing by Gary Hill)

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Comments

[sijuwades]

09:21 AM on 10/18/2011

To me, facebook is worth more than any capitalised company in the world. The concept is the number of reach a company has to drive its strategies. Mark and his team need to evaluate the effect that the new Google+ will have on social networking sites and roll out concepts that will not only retain its existing users, but arrest them unto the site. Imagine how much facebook could make from advertorials alone due to its reach for now. Facebook could do cableTV, it could do electronic messaging for corporate clients on secured network; it could do Cloud-computing and; so many more. For instance, if facebook decides to charge each user a $10 monthly subscription fees to interact on its network- that is $72billion in revenue / annum with about 600 million users. As for displacing Bill Gate as the world's richest individual, I suppose Mark already did that. Because we only need to look at the potential of the company and its managements to do a forecast of its future earnings potential. If a company already worth about $80billion without being traded on the exchange, I suppose it could worth more than that in the first few trading days after being listed. Remember the story of LinkedIn-it was partly due to under-valuation as perceived in some quarters and; agression to purchase by those who felt left out in the pie during IPO...mark my words...the whole paper-wealth world will collapse someday...and sooner too.

[kruijs]

05:20 PM on 09/23/2011

Just pondering, PR only!
What if it was true and facebook goes public in 2012 ... what effect would it have to Zuckerbergs wealth? could he beat Bill Gate?
http://www.knewthenews.com/Market/6950/
http://www.knewthenews.com/Market/10062/

[Jeff Allen]

01:57 AM on 09/16/2011

There will be no FACEBOOK IPO. By late 2012, this PONZI Economy will have cratered for real.

[JustinP213]

05:12 PM on 09/15/2011

For a short term play (especially if you can get the IPO price), I recommend that you buy Facebook stock. I

[pepper1311]

09:54 AM on 09/15/2011

Sad that company that makes nothing is worth so much.

[BrianmusPrime]

12:57 PM on 09/15/2011

Seems to be a good business to get in to.

[Kyle Noe]

02:00 AM on 09/15/2011

They should've IPO'd before Google+ came out.

[oilfield]

11:38 PM on 09/14/2011

by then it will be worth more than apple.....lol

[TomZart]

06:10 PM on 09/14/2011

MARK ZUCKERBERG = THE POET!

God has always had his poets
Who He watches with love from space.
But Satan has his poets too
Who try to lead us from our grace.

King Solomon was a poet
Who spoke of love, life, death and war.
That lips were like threads of scarlet
And that breasts were roses and more.

The wild birds sing and flowers bloom
As clouds form figures in the sky.
But only humans will write poems
That shall last long after they die.

The eldest sister of all arts
Which some have called the devils wine.
Poetry is but pure passion
To stimulate the heart and mind.


By Tom Zart
Most Published Poet On The Web!