Tuesday 20 September 2011

FACEBOOK

Elsewhere, Facebook is delaying its IPO, reports Business Insider, cribbing a story from the Financial Times, and the reason for the delay reportedly is because boss Mark Zuckerberg "wants to keep employees hungry." Biz Insider puts its expertise in securities law to work to point out: "Because it has more than 500 shareholders, the SEC will force Facebook to disclose its financials in April 2012. Technically that will make Facebook a 'public' company, but it will not be compelled to list on any stock exchange." Talk about a status update.

1 comment: