Report: Facebook IPO May Be Delayed Yet Again

Remember that May 17 date for the Facebook initial public offering that was widely reported last week? We would advise writing that in pencil, and not ink.

Remember that May 17 date for the Facebook initial public offering that was widely reported last week? We would advise writing that in pencil, and not ink.

CNBC reported that the impending IPO has not been at the top of the priority list for Co-Founder and Chief Executive Officer Mark Zuckerberg and other top executives, with the focus instead on acquisitions and running the social network.

In particular, Facebook’s $1 billion acquisition of Instagram and $550 million purchase of former AOL patents from Microsoft will require that additional information be submitted to the Securities and Exchange Commission.

A Facebook spokesman would not comment on the timing of the IPO, but a source familiar with the proceedings told CNBC that Facebook is looking at a “plan A, B, C, and D.”

CNBC

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