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Saturday, July 31, 2010

Facebook may postpone IPO to 2012: report

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.

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