Everyone is still trying to figure out just how big a business social networks are, how much is Facebook worth, and how much money it’ll be making in a couple of years. Facebook CEO Mark Zuckerberg, however, doesn’t seem worried at all.
Asked about Facebook’s plans to launch an initial public offering (IPO), he said the company will do it eventually, but it’s “definitely in no rush.” The reason for the leisurely approach, according to Zuckerberg, is the simple fact that Facebook doesn’t need money.
“If you don’t need that capital, then all the pressures are different, and the motivations (to go public) are not there in the same way,” he said.
While estimates about Facebook’s future earnings vary wildly, Facebook recently turned cash flow positive, which is a big deal for a company many once thought was pure vaporware. As long as Facebook keeps it that way, it can calculate and delay the IPO for as long as it deems necessary.
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