A Wall Street Journal report revealed that Facebook Founder and Chief Executive Mark Zuckerberg would not be taking his mega-popular social-networking outfit public in the near future.
“We are in no rush,” the 25-year-old Zuckerberg said in his interview.
Facebook is the number two most trafficked website in the world after Google yet it maintains itself as a private company. Zuckerberg is confident that the company will launch an IPO in the future but explained how Facebook is different from most other companies. “ If you don't need that capital, “ he says “then all the pressures are different, and the motivations (to go public) are not there in the same way."
Suspicions have surrounded time frame of a Facebook Inc. IPO since the company announced a dual-class stock structure in the fall. In May of 2009, Zuckerberg estimated it was still a few years down the road.
Facebook has 400 million users and has received investments from powerhouse companies like Microsoft Corp and Digital Sky Technologies.
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