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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Analysis: Race issues beset Obama's "post-racial" presidency | Video 21 Jul 2010 Obama signs sweeping Wall Street overhaul into law | Video 21 Jul 2010 Clintons in tears over Chelsea? You can bet on it 19 Jul 2010 California city approves marijuana farming 21 Jul 2010 US financial system support up $700 bln in past year-watchdog 21 Jul 2010 Superjet seals second $900 million plan order 21 Jul 2010 Bernanke says Fed to act if U.S. recovery stalls | Video 12:47am EDT FOREX-Dollar falls vs yen as risk cut after Bernanke 1:19am EDT Dollar falls versus yen as risk cut after Bernanke | Video 1:28am EDT Man behind "South Park" threat arrested 21 Jul 2010 Analysis: Race issues beset Obama's "post-racial" presidency | Video 21 Jul 2010 California city approves marijuana farming 21 Jul 2010 Obama signs sweeping Wall Street overhaul into law | Video 21 Jul 2010 California city manager's pension could top $30 million 21 Jul 2010 US financial system support up $700 bln in past year-watchdog 21 Jul 2010 Computer geeks learn to flirt 09 Jan 2009 Senate ends standoff and votes to restore jobless aid 12:35am EDT Clintons in tears over Chelsea? You can bet on it 19 Jul 2010 Chinese police beat official's wife by mistake 21 Jul 2010 Gold slips on equities 2:06am EDT Facebook IPO "when makes sense", Zuckerberg tells ABC Digg This Tweet This Share on LinkedIn Share on Facebook Related News Yahoo revenue misses Wall Street expectations Wed, Jul 21 2010 Facebook unrestrained amid NY ownership lawsuit Tue, Jul 20 2010 Facebook, small firm square off over patent claims Mon, Jul 19 2010 Investors uneasy as Google costs rise Fri, Jul 16 2010 Investors uneasy as Google costs rise Fri, Jul 16 2010 Related Topics Technology » iPad » Deals » Inflows Outflows » Media » LOS ANGELES | Wed Jul 21, 2010 7:25pm EDT LOS ANGELES (Reuters) - Facebook will sell stock in a IPO when the time is right, CEO Mark Zuckerberg said in an ABC TV interview, addressing persistent speculation about its stock market debut. Zuckerberg -- who with friends dreamed up the world's largest social network in a Harvard dorm room -- told ABC he was "quite sure" he had signed no contract handing over ownership rights to the company, disputing a claim to an 84-percent interest. Last month, Paul Ceglia of Wellsville, New York, sued Zuckerberg and Facebook Inc, claiming a 2003 contract with Zuckerberg to develop and design a website now entitled him to a majority stake in the privately held company. "If we said that we were unsure, I think that was likely taken out of context," Zuckerberg told ABC's Diane Sawyer. "Because I think we were quite sure that we did not sign a contract that says that they have any right to ownership over Facebook." A slice of Facebook -- which recently signed up its 500 millionth member -- is a keenly sought-after piece of real estate. Investors are keen to get in on a company backed by the likes of Elevation Partners, Digital Sky and Microsoft and estimated to be worth billions of dollars. Asked about when the company might go public, he told ABC News' Diane Sawyer: "When it makes sense, right. I mean, what we're most focused on is just building these tools that help people stay connected with the people that they care about. "And at some point along the path, I think it'll make sense to have an IPO. But we're not running the company to do that." Combining a large audience of Web surfers with innovative online advertising has become a recipe for super-charged revenue growth in the Internet business. Facebook ranks among the Web's most popular sites, alongside Google Inc, Yahoo Inc and Microsoft Corp . The privately held company is also one of the most closely-watched Web operators by investors to jump onboard a blockbuster initial public offering. Sources have told Reuters it raked in as much as $800 million of revenue in 2009 and made tens of millions of dollars in profit in 2009. (Reporting by Edwin Chan; Editing by Sofina Mirza-Reid) Technology iPad Deals Inflows Outflows Media Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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