Facebook stock offer rumors renewed

Nov 29, 2011
The Internet on Monday buzzed anew with talk that Facebook is poised to go public after the Wall Street Journal reported the social networking giant could issue stock as early as April.

The Internet on Monday buzzed anew with talk that Facebook is poised to go public after the Wall Street Journal reported the social networking giant could issue stock as early as April.

"We are not going to participate in speculation about an IPO," spokesman Larry Yu said in response to an AFP inquiry.

The Journal cited unnamed sources as saying that Facebook executives were discussing the potential of an (IPO) of stock some time between April and June of next year.

Early this month Facebook co-founder and chief executive Mark Zuckerberg said during an interview on Charlie Rose's PBS television program that the company will have an IPO at some point but was in no hurry.

"Honestly, it's not something I spend a lot of time on a day-to-day basis thinking about now," he said during the November 7 interview.

"A big part of being a technology company is getting the best engineers and designers and talented people around the world," he said. "And one of the ways that you can do that is you compensate people with equity or options.

"At some point we're going to make that equity worth something publicly and liquidly, in a liquid way," he said. "Now, the promise isn't that we're going to do it on any kind of short-term time horizon."

Explore further: Uber says outside review shows customer data safe, private

add to favorites email to friend print save as pdf

Related Stories

Facebook in no rush to IPO, enter China

Nov 07, 2011

Facebook is in no hurry to go public or to get into China, where it is officially blocked, according to Mark Zuckerberg, the founder of the social networking giant.

Report: Zynga CEO wants workers to give back stock

Nov 10, 2011

(AP) -- Zynga CEO Mark Pincus wants some of the online game company's early employees to give back stock they own ahead of the company's initial public offering of stock, according to a published report Thursday.

Recommended for you

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.