Tuesday, September 28, 2010

("Undervalued") Facebook won't be an IPO until 2012 or later


Seven years ago Peter Thiel made a $500,000 angel investment in Facebook for 10% of the company and was on Fox Business on Monday commenting about Facebook and business related issues.

Of prime importance to Facebook watchers is news about the status of the IPO that everyone knows eventually will come.

Earlier this year, Bloomberg reported that Facebook was holding off on its IPO for another couple of years and Thiel seems to confirm this line of thinking.