Skip to main content

Report: Facebook may wait to file for IPO until late 2012

zuckerberg-facebook ipoAre you ready for even more Facebook news? Reports are stating that the social media giant might delay its IPO until late 2012. People close to the company are saying that the decision to remain private has nothing to do with the shaky stock market. Originally it was thought that Facebook would file for its IPO by April 2012.

The delay is said to be due to CEO Mark Zuckerberg wanting the company to focus on new products, and not on money. Zuckerberg might want to wait until September to file the paper work, which should still allow for the company to be public by the end of the year.

Unlike some other companies who are filing for IPO Facebook doesn’t need the money, and most likely wants to wait as long as possible. Currently Facebook is valued at almost 70 billion dollars, and is extremely profitable.  There may be a chance that a change in current regulations that Facebook could avoid an IPO entirely, but that is unlikely.

With all the recent new features and enhancements to Facebook the excuse of wanting employees to focus on work and not money makes sense. Just this week alone Facebook made changes to how users can modify their Friends Lists, and allowed users to Subscribe to users who they are not friends with. There are also of course rumors about a Facebook music service in the works.  Just because Facebook is the largest social network in the world doesn’t mean they can sit back and relax.

If Facebook is releasing so many improvements now, we can only wonder what big released do they have planned between now and September 2012?

Editors' Recommendations

Mike Dunn
Former Digital Trends Contributor
Mike graduated from University of Arizona with a degree in poetry, and made his big break by writing love sonnets to the…
X rival Threads could be about to get millions of more users
Instagram Threads app.

Threads -- Meta’s rival to X, formerly Twitter -- has just launched in the European Union (EU), a market with nearly half a billion people.

The app launched in the U.S. to much fanfare in July, with Meta hoping to attract X users disillusioned with the turbulence on the platform since Elon Musk acquired it for $44 billion 14 months ago.

Read more
X (formerly Twitter) returns after global outage
A white X on a black background, which could be Twitter's new logo.

X, formerly known as Twitter, went down for about 90 minutes for users worldwide early on Thursday ET.

Anyone opening the social media app across all platforms was met with a blank timeline. On desktop, users saw a message that simply read, "Welcome to X," while on mobile the app showed suggestions for accounts to follow.

Read more
How to create multiple profiles on a Facebook account
A series of social media app icons on a colorful smartphone screen.

Facebook (and, by extension, Meta) are particular in the way that they allow users to create accounts and interact with their platform. Being the opposite of the typical anonymous service, Facebook sticks to the rule of one account per one person. However, Facebook allows its users to create multiple profiles that are all linked to one main Facebook account.

In much the same way as Japanese philosophy tells us we have three faces — one to show the world, one to show family, and one to show no one but ourselves — these profiles allow us to put a different 'face' out to different aspects or hobbies. One profile can keep tabs on your friends, while another goes hardcore into networking and selling tech on Facebook Marketplace.

Read more