Facebook Will Delay IPO To 2012

Posted: Aug 2 2010, 5:35am CDT | by , Updated: Aug 12 2010, 12:46am CDT, in News | Technology News

 
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With over five hundred million users worldwide, Facebook certainly qualifies as more than a mere phenomenon. The popular social networking site is sure to go down as one of the most defining aspects of our generation. Despite its importance (and estimated value in the billions) Mark Zuckerberg's baby has yet to go public.

And it is unlikely to do so any time soon. BusinessWeek reports that the company is likely to delay their IPO until 2012. Facebook is valued at a total of $24.9 billion, but going public would make the company's 26-year-old CEO vulnerable to the whims of stockholders for the first time.

No company can go public and remain entirely the same. Much of Facebook's character comes from the character of its founder. Mark Zuckerberg is a Pabst-drinking frat-boy who had a multi-billion dollar idea. Since Facebook's inception, he has been able to steer and mould it in every way he has felt wise. Sometimes his decisions have proved for the worst, and other times they have made millions of dollars. You can argue about whether or not removing that control from Zuckerberg will benefit the site, but you can't argue that it will change things forevermore.

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The Author

<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.

 

 

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