Facebook Pushes IPO to Late 2012
Facebook Pushes IPO to Late 2012: The Financial Times reports that Facebook is holding back on its initial public offering at least until September 2012, a later date then expected. Sources tell the FT that the reason for the later than expected IPO has nothing to do with a turbulent market, but CEO Mark Zuckerberg’s insistence that employees focus on more new products and not on an IPO payout.
Yesterday Facebook introduced a Twitter-like update that allows members to “subscribe” to the public postings of those outside their Facebook network. [Financial Times, Los Angeles Times, CNET]