Facebook will probably postpone its initial public offering until 2012, Bloomberg reports, citing three people familiar with the matter. The reason, according to sources, is to give founder and CEO Mark Zuckerberg more time to gain users and boost sales without the public scrutiny that comes with a public listing.

Public companies must report quarterly results and disclose much more information to shareholders than privately held companies. Twenty-six-year-old Zukerberg can afford the time to hone his skills. Facebook also intends to at least double sales to $1.4 billion in 2010.

Investors had speculated that Facebook would hold the IPO in 2011. While Facebook doesn't discuss share-sale plans, Zuckerberg, who controls the board, could push for a stock sale at any time. Facebook declined to comment, Bloomberg reports.

Zuckerberg faces a range of challenges, including management of a rapidly growing workforce, rising competition from companies such as Twitter, and heightened regulatory scrutiny over how the company handles personal data. He also has to resolve a lawsuit from a New York man, Paul Ceglia, who claims he owns 84% of Facebook.

Postponing the IPO may disappoint investors in general as some were hoping a Facebook offering would fire-up the technology IPO market, which has dried up in the recent years.

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i stumbled upon quite a little conspiracy on facebook...seems that there is 100's of thousands of fake accounts on the social networking dynasty..are these fake accounts created by facebook itself to boost numbers? i can almost guarantee it.

July 30 2010 at 5:20 PM Report abuse rate up rate down Reply
2 replies to Daddy's comment
# 8

I wouldn't call it a conspiracy, multiple accounts wouldn't help with advertising because those accounts wouldn't lead to people clicking adds and making purchases. Some people have multiple accounts, as does law enforcement, fishing bots and of course pornographers. That issue is not unique to facebook.

July 30 2010 at 7:52 PM Report abuse +1 rate up rate down Reply
Miss LawDog323

now how do you have real proof these accounts are fake?? I have nearly 700+ friends on Facebook and never, have I ever..sent an invite to a person and didn't answered back. Now, I'm either real DARN LUCKY! or your're someone making false statements about Facebook with zero proof! Imagine the luck I must have?? 700+ and batting dead on...Prove it, is all I can say SIR!

maybe I should go play the lottery ya think??? signed-One lucky Babe

July 31 2010 at 8:37 AM Report abuse +1 rate up rate down Reply

Haha what investors don't understand is that facebook is just a trend. It can be gone just as fast as the myspace craze. If facebook gets bought out, I can certainly guarantee you its users will find something else. I already don't like how it is now. I wish it was still what it was created for, just for college students.

July 30 2010 at 5:12 PM Report abuse -3 rate up rate down Reply
2 replies to megan's comment

Megan - you are way off base - read The Facebook Effect that's out now and see Zukerberg's vision - it's anything but a fad and it is world-wide - not just for college kids anymore!

July 30 2010 at 7:15 PM Report abuse +1 rate up rate down Reply
Miss LawDog323

Ha Ha Megan you sound pretty stupid..The last time I checked, MYSpace is still on the MAP...and every celebrity on planet earth has MySpace accounts..So how do you justify your comment?? Let me guess? you were drunk?

July 31 2010 at 8:38 AM Report abuse +1 rate up rate down Reply

He should probably work on not offending his costumers with every move then.


July 30 2010 at 4:09 PM Report abuse +2 rate up rate down Reply