Facebook may postpone IPO to 2012: report

July 30, 2010 9:56 AM EDT

Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter said.

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The move may give Chief Executive Mark Zuckerberg more time to gain users and boost sales, but Zuckerberg could still push for a stock sale at any time, the agency said.

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Jonathan Thaw, a spokesman for Facebook, declined to comment, Bloomberg said. Facebook could not immediately be reached for comment by Reuters outside regular U.S. business hours.

Zuckerberg said in a recent television interview Facebook will sell stock in an IPO "when it makes sense."

(Reporting by Sakthi Prasad in Bangalore; Editing by David Holmes)

Copyright 2011 Thomson Reuters. All rights reserved.
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