Savings Experiment: Snow Removal
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
It looks like 2010 will be a strong year for IPOs, especially for tech offerings. Of course, one of the most highly-anticipated deals is Facebook. No doubt, it would give the market a big jolt.But sadly, it looks like we may have to wait. At a conference in Munich, Facebook's two largest investors -- Jim Breyer of Accel Partners and Yuri Milner of Digital Sky Technologies (DST) -- said "no" to an IPO in 2010.
Why? Basically, Facebook wants to be as ready as possible. This means continuing to build its team, technologies and user base. Facebook also plans to roll-out new services, such as virtual goods and a payments system.
All in all, the cautiousness on the IPO seems reasonable. In the social networking space, things can get dicey. Just look at the problems at Friendster and the loss of momentum at MySpace.
Moreover, Facebook has no need for capital because of the recent round of financing from DST. So why take the risk?
As for Breyer, he thinks that Facebook will eventually reach one billion users and become a massive platform for partnerships. But despite such things, he thinks that the company will never reach the advertising efficiency of Google (GOOG).
Tom Taulli advises on business tax preparation and resolving tax problems. He is also the author of a variety of books, including The Complete M&A Handbook
. His website is at Taulli.com. 
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
