Facebook set to delay market float

By DAILY MAIL REPORTER
Updated:

 

Facebook Inc, the company behind the world's largest social networking site, has delayed plans for a public share sale until 2012.

Facebook

The company, which has 500m users, had been expected to come to market next year.

But chief executive Mark Zuckerberg, 26, wants to see a further year of growth before any such move.

Being a listed company, having to publish quarterly accounts, could also bring fresh scrutiny of Facebook's controversial privacy policy.

Turnover should double to $1.4bn (£900m) this year, say insiders.

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