Social networking giant Facebook has become the latest tech company to get cold feet about a public offering, according to a report on the Financial Times' website Wednesday.
The newspaper said the highly anticipated IPO would happen towards the end of next year, instead of in the spring, as many had anticipated. The Financial Times cited people familiar with the company in its article.
Just last week, social couponing site Groupon said it was putting its planned public offering on hold. Groupon and Facebook join Zynga, which also has delayed its IPO amid stock market turmoil and a dismal outlook for the U.S. and global economies.