Tech

Facebook IPO delayed until late 2012, report says

(CBS News) If you already circled a date for a Facebook IPO, get our your eraser. Facebook CEO Mark Zuckerberg wants to delay his company’s widely-anticipated initial public offering until late rin 2012, sources told the Financial Times.

The FT report quotes people said to be close to Facebook who say Zuckerberg is keen on delaying the IPO until “next September or later in order to keep employees focused on product developments rather than a pay-out.”

Full Story: Facebook IPO delayed until late 2012, report says