Facebook Investors Have No Plans For A 2010 IPO

With millions in the bank from a recent investment by DST and a cash-flow positive business, Facebook has no plans to go public in 2010. That’s the latest information from Facebook investor and board member, Jim Breyer, who was speaking at the DLD Conference in Munich Germany. Highlighted by Johannes Kleske of the conference, Breyer stated “We are not planning a near term IPO (near term as in 2010)”. Yuri Milner of DST followed on with, “We have permanent capital, we don’t have to return money to investors so we can go long term.