Follow WebProNews
Facebook Investor Rules Out 2011 IPO
· 1

Would-be Facebook investors will have to wait a while before the company has a ticker symbol like GOOG, MSFT, and YHOO.  Peter Thiel (re)confirmed this afternoon that Facebook won’t go public until 2012 at the earliest.

Bloomberg reported the same thing in July, meaning this isn’t exactly breaking news, but there is a difference between three anonymous sources and Thiel.  Thiel’s about as close to Facebook as anyone other than Mark Zuckerberg can get.

The Story Of Facebook’s Attempt To Buy Twitter

In a BusinessWeek article takes us on the journey of how one monster of social media tried to swallow an up and comer but didn’t quite have what it takes.twitter-logo

Facebook Backer Discusses Twitter Talks

Well, it turns out the rumors were true.  Peter Thiel, who sits on Facebook’s board of directors, recently confirmed that Mark Zuckerberg’s company tried to acquire Twitter last year.  Thiel also got into discussions concerning stock values and ad revenue.