Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.
Facebook will sell stock in a IPO when the time is right, CEO Mark Zuckerberg said in an ABC TV interview, addressing persistent speculation about its stock market debut.
Facebook may continue business as usual while it fights a New York man's claim he has a contract with founder Mark Zuckerberg that entitles him to 84 percent ownership of the world's leading social networking site, a U.S. court heard on Tuesday.
Facebook has moved to overturn a New York judge's recent order temporarily blocking any transfer of the company's assets, as the world's No.1 social networking responds to a lawsuit by a New Yorker claiming to own 84 percent of the company.
Facebook's financial performance is stronger than previously believed, as the Internet social network's explosive growth in users and advertisers boosted 2009 revenue to as much as $800 million, according to two sources familiar with the situation.
Germany's consumer protection minister said on Thursday she would quit Facebook over what she called privacy law violations that she believed would lead to the company being fined by German data protection authorities.
Facebook Chief Executive Mark Zuckerberg said he has no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.
Germany's national consumer-protection agency may take legal measures against Facebook if it finds that the social network's new privacy controls do not meet German data-protection standards.
Facebook is beefing up privacy protections on the world's most popular online social network, addressing mounting pressure to better secure personal data exchanged among its nearly 500 million members.
Facebook Chief Executive Mark Zuckerberg said the Internet social network will roll out new privacy settings for its more than 400 million users, amid growing concerns that the company is pushing users to make more of their personal data public.
Facebook CEO Mark Zuckerberg and other executives will meet with employees to discuss privacy practices of the world's largest social networking website on Thursday, as criticism grows about the way it treats its 400 million users' personal information.
Private chats between some Facebook users were briefly viewable by other users on Wednesday, an embarrassing technical glitch for a company facing growing criticism over sloppy privacy protection.
U.S. lawmakers told Facebook on Tuesday they were concerned about changes in its privacy policy that would allow personal information to be viewed by more than friends, and options on other websites that would allow third parties to save information about Facebook users and friends.
Four U.S. lawmakers expressed concern to Facebook on Tuesday about changes in its privacy policy, while one asked federal regulators to draw up privacy guidelines for online social networking sites.
Over the past six years, social networking has been the Internet's stand-out phenomenon, linking up more than one billion people eager to exchange videos, pictures or last-minute birthday wishes.
Facebook's user base is growing at its fastest rate ever, the online social network company said on Wednesday as it rolled out features that link the company's platform more tightly with outside Web sites.
Social networking leader Facebook said on Wednesday its user base has swelled to more than 400 million and shows no sign of slowing.
Facebook Chief Executive Mark Zuckerberg is in no rush to take the popular social-networking site public, the Wall Street Journal reported on Wednesday.
Popular social networking site Facebook has received a wide ranging patent for displaying news feeds from social networks.
Cyber attacks on Facebook pages set up to pay tribute to two murdered Australian children has prompted calls for the social networking site to be more accountable for its users.
Mark Zuckerberg created Facebook from his Harvard dormitory, but after the social networking website exploded in popularity, he promptly quit school and became a full-time entrepreneur.
Microsoft Corp. has pulled almost every version of Office from its own online store in compliance with a court order after a patent dispute with Canadian firm i4i.
