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Businesses Facebook The Almighty Buck

Facebook To Put Off IPO Until Late 2012 129

Posted by samzenpus
from the status-delayed dept.
jfruhlinger writes "Facebook's whispered about IPO is one of the most anticipated in the industry — but it looks like we'll have to anticipate it for a bit longer. The Financial Times, quoting anonymous sources, says that it won't happen until late next year. Those sources say the purpose is to keep Facebook employees focused on product development, but it seems more likely that Facebook's bankers aren't happy with the company's numbers (or the economy's prospects)."
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Facebook To Put Off IPO Until Late 2012

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