BusinessWeek
Facebook Said to Put Off IPO Until 2012
The world's biggest social network may not sell public shares until 2012 to give management more time to boost sales and lure users

Updated: 07/30/2010

Adds Facebookâ??s response to lawsuit in 10th paragraph.



July 30 Bloomberg -- 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 said.



Facebook would benefit from another year of growth absent the added scrutiny that comes with a public listing, instead of holding an IPO in 2011 as investors speculated, said the people, who asked not to be identified because Facebook doesnâ??t discuss share-sale plans. Still, Zuckerberg, who holds board control, could push for a stock sale at any time, they said.




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