Feeds

Facebook flotation 'years out', says Zuckerberg

Keep your $15bn, suckers

Website security in corporate America

Child-boss Mark Zuckerberg has told Silicon Valley's biggest web 2.0 circle-jerk that the imagined Facebook flotation they've been creaming over for months is still years away.

"I'm not saying it's never going to happen. But it's definitely years out," he told a packed house at the O'Reilly Web 2.0 Summit in San Francisco.

Just about every large web corporation has been assumed to be hurling offers of cash at Facebook, so it doesn't need to offer public shares now to keep the books ticking over. In fact, letting Wall Street gawp at its inconsequential revenues probably doesn't appeal too much.

Front runner to take a small private stake is Microsoft, even though Steve Ballmer described the site as a "fad" on his recent visit to the UK. He then flew home to a meeting with Zuckerberg and his venture capital nannies.

At the Web 2.0 Summit, Zuckerberg said Facebook is "happy" with its current Microsoft relationship. At present, Microsoft exclusively pumps the site with display ads.

Widely-reported rumours say Facebook wants out of the deal, however, and to flog its own inventory. Letting Redmond in on the hype in exchange for removing the handcuffs and some pocket money makes plenty of sense. And seems imminent.

Also at the summit, MySpace boss Chris DeWolfe shared a sofa with Rupert Murdoch to unsurprisingly announce that his site would follow Facebook by offering an open development platform. Expect MySpacers to be hurling digital poo at each other "within a couple of months". More here ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.