Facebook: We Don't Need No Stinking IPO

Started by ECTNews, Sep 17, 2011, 07:02 PM

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ECTNews

Sep 17, 2011, 07:02 PM
 The world's largest social network is going to delay its plans to publicly sell stock, according to a recent report from the Financial Times that asserts Facebook will be delaying its highly anticipated initial public offering until late 2012. An April IPO was previously rumored, but the Times reports that sources close to the company say Facebook will be focusing on product development until an undisclosed date late in 2012 to go public in one the most closely watched IPO filings in recent history.

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