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Facebook is once again delaying its initial public offering, a new report claims.
Citing "people familiar with the company," the Financial Times is reporting that the world's largest social network won't offer its shares on the open market until "late 2012." The sources didn't say exactly when the company might go public, but they did say that they expect Facebook to wait until next September, at the very earliest.
According to the Financial Times' sources, Facebook wants to delay the IPO in order to ensure employees are dedicated to improving the company's line of products, rather than worrying about cashing in their shares.
More to come...
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Citing "people familiar with the company," the Financial Times is reporting that the world's largest social network won't offer its shares on the open market until "late 2012." The sources didn't say exactly when the company might go public, but they did say that they expect Facebook to wait until next September, at the very earliest.
According to the Financial Times' sources, Facebook wants to delay the IPO in order to ensure employees are dedicated to improving the company's line of products, rather than worrying about cashing in their shares.
More to come...
Powered By WizardRSS.com | Full Text RSS Feed | Amazon Plugin | Settlement Statement | WordPress Tutorials