DNS - Facebook in No Hurry to 'Friend' an IPO

Making headlines out of Silicon Valley today is a report that Facebook’s (News - Alert) chief executive is in no rush to take the popular social-networking site public.

 

The 25-year-old Mark Zuckerberg told The Wall Street Journal that the company would eventually launch an initial public offering, but added “we are definitely in no rush.”

 

Zuckerberg told Reuters (News - Alert) in May last year that an IPO was a few years out. In November, Facebook announced a dual-class stock structure to ensure voting control by existing owners, but reiterated it had no plans yet to go public.

 

Reuters reported that in November, Facebook announced a dual-class stock structure to ensure voting control by existing owners, but reiterated it had no plans yet to go public.

 

In January, TMCnet reported that Facebook’s founder and CEO said that sharing information online is the new “social norm” and that the company’s privacy policies continue to evolve to coincide with what users’ comfort-levels are.

 

At the end of last year, the company announced that it was calling on its more than 350 million users to review and update their privacy settings – what company officials called “a first among major Internet services.”