Zuckerberg Postpones Facebook’s Public Float

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Facebook has decided to delay its initial public offering (IPO) until late 2012 so that employees can focus solely on product development and innovations, according to the Financial Times.


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Mark Zuckerberg
Facebook’s IPOs is expected to be one of the biggest in history, with the company turning CEO Mark Zuckerberg into the youngest billionaire to date.

The decision to “focus on product developments rather than a pay-out” wasn’t motivated by market conditions the paper said.

Earlier this month Facebook’s revenue doubled to $1.6 billion in half 1 of 2012, with its valuation in private markets accounting to roughly $80 billion.

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