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Facebook IPO Some Way Off, Says CEO Zuckerberg

     

engine

2:39 pm on May 20, 2009 (gmt 0)

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Facebook IPO Some Way Off [reuters.com]
Facebook CEO Mark Zuckerberg hopes to eventually take his company public but said it won't be for a few years, and stressed that the world's largest online social network is in no immediate need of capital.

The 25-year-old co-founder of Facebook said he is always open to partnerships and investments, but stressed that Facebook can achieve its business goals with its current financial base -- despite numerous media reports that it has had talks on a new round of funding with various investors.

"If there's an investment to be done on very good terms, we will consider it if for no other reason than to have more buffer if we want to do something in the future," Zuckerberg told the Reuters Global Technology Summit.