Posted Tuesday, June 14, 2011, at 4:47 PM
Is Facebook finally going public? CNBC reports that the social-networking giant is planning a $100 billion IPO in the first quarter of 2012.
Facebook is declining comment but the company's COO acknowledged recently that an IPO was "inevitable."
CNBC's IPO report comes on the heels of news that Facebook's growth may be slowing down. According to the research firm Inside Facebook, Mark Zuckerberg's company gained about 12 million users worldwide during May-well off its monthly average. And Facebook lost nearly 6 million users in the United States.
The company is expected to make around $2 billion this year and no doubt is encouraged by the highly successful recent IPO of the professional networking site LinkedIn.