Report: Facebook IPO Still Not Coming Soon

Following up on years of Facebook saying that it is not planning to make an initial public offering any time soon or not commenting on rumors to that effect, a new report out… basically has that same message. “Facebook Inc. will probably put off its initial public offering until 2012, giving Chief Executive Officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter” tell Bloomberg.

Facebook has no reason to do an offering, as Zuckerberg owns a controlling stake in the company — the other stockholders in the company have to go along with whatever he decides.

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