Facebook to delay IPO again, report says

Posted by Techvibes NewsDesk

When it rains, it pours.

With Groupon and Zynga delaying their IPOs, Facebook has joined the mix, according to a Financial Times report. Citing people familiar with the company, a "late 2012" IPO seems likely now, with something sooner appearing implausible.

While Groupon and Zynga's delays seem to be related to the continued market volatility (and possibly Groupon's constant bad media coverage of late), Facebook's looks to be about employees: the company wants staff to focus on building great products and not cashing in shares, the report suggests. Market chaos is probably a factor nonetheless.

Facebook is seeking a valuation upward of $100 billion, a number deemed grossly high by most critics and mathmeticians. 

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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