Web 2.0 players eschew IPOs

03/6/2008 | Bloomberg Businessweek

Despite their healthy revenues and popularity, Web 2.0 standouts LinkedIn and Facebook are putting off public stock offerings. Peter Thiel, venture capitalist and former CEO of PayPal, notes that the most successful Web 2.0 companies have cash reserves sufficient to "withstand multiyear recessions," and don't need to go public simply to meet operating costs.

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