Big acquisitions, distractions may delay Facebook IPO
Initial public offering may be pushed back till June, reports say
Computerworld - Less than a week ago, the Internet was abuzz with reports that Facebook's IPO would come in mid-May. Today, news reports are adding several more weeks to that timeline.
A few high-priced acquisitions could be distracting the social network and its co-founder and CEO Mark Zuckerberg enough to delay the company's initial public offering, according to a report from CNBC.
Citing unnamed sources, CNBC reported that Zuckerberg and other top Facebook executives have been unable to focus enough on the upcoming IPO to be ready to launch on May 14 as previously expected.
Now the company reportedly is looking at an IPO launch in mid-June.
A Facebook spokesperson declined to comment on the IPO, noting that the company is in a quiet period.
For a company quickly approaching an IPO, Facebook has been very active in recent weeks, forking over a lot of money for a company acquisition and a mountain of patents.
Earlier this month, Facebook announced that it had acquired Instagram, the maker of a popular mobile photo-sharing app. The deal is costing the social network $1 billion in cash and stock.
In a previous interview, Zeus Kerravala, an analyst with ZK Research, said the patent purchase was a move to better position the company for its upcoming IPO. "For Facebook, it looks like they're buying potential," he said.
Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at @sgaudin, on Google+ or subscribe to Sharon's RSS feed . Her email address is email@example.com.
Read more about Web Apps in Computerworld's Web Apps Topic Center.
- 15 Non-Certified IT Skills Growing in Demand
- How 19 Tech Titans Target Healthcare
- Twitter Suffering From Growing Pains (and Facebook Comparisons)
- Agile Comes to Data Integration
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- Face Time Anytime Real-time communications facilitates team collaboration from nearly anywhere in the world. With facts and figures you can use to justify an investment
- Riverbed Stingray Application Firewall: Securing Cloud Applications with a Distributed Web Application Firewall Responsibility over IT security is moving away from the network and IT infrastructure and to the application and software architecture itself. IT organizations...
- Now is the time to implement a video conference solution Video conferencing is getting a lot of buzz lately due to the recent cost decrease, making it tangible for many law firms. It's...
- Video drives engagement Achieving maximum results means building a solid platform and network infrastructure. As digital age unfolds, it's clear that the ability to communicate effectively...
- Webinar: Building a Big Data solution that's production-ready Big data solutions are no longer just a nice-to-have.
- Meg Whitman presents Unlocking IT with Big Data During this Web Event you will hear Meg Whitman, President and CEO, HP discuss HAVEn - the #1 Big Data platform, as well... All Web Apps White Papers | Webcasts