Facebook CEO Mark Zuckerberg hopes to eventually take his company public but said it won't be for a few years, and stressed that the world's largest online social network is in no immediate need of capital.
The 25-year-old co-founder of Facebook said he is always open to partnerships and investments, but stressed that Facebook can achieve its business goals with its current financial base—despite numerous media reports that it has had talks on a new round of funding with various investors.
“If there's an investment to be done on very good terms, we will consider it if for no other reason than to have more buffer if we want to do something in the future," Zuckerberg told the Reuters Global Technology Summit.
“Some of the rumblings that people are reporting on, are just different conversations that have happened, but there's really nothing new to talk about there," he added in a telephone interview from Palo Alto, California.
The TechCrunch blog said earlier on Tuesday that Facebook had turned down a $200 million funding offer, which valued the company at $8 billion. Earlier this week, VentureBeat reported that Facebook was in discussions for $150 million in funding.
Zuckerberg declined to confirm these reports.
Facebook has more than 200 million active users, double the number it had last August. The company also ranks as one of the top photo-sharing websites, with more than 15 billion pictures uploaded onto its service.
In 2007, Microsoft Corp invested $240 million in Facebook in exchange for a 1.6 percent stake in the company, giving the social network a $15 billion valuation.
The 25-year-old co-founder of Facebook said he is always open to partnerships and investments, but stressed that Facebook can achieve its business goals with its current financial base—despite numerous media reports that it has had talks on a new round of funding with various investors.
“If there's an investment to be done on very good terms, we will consider it if for no other reason than to have more buffer if we want to do something in the future," Zuckerberg told the Reuters Global Technology Summit.
“Some of the rumblings that people are reporting on, are just different conversations that have happened, but there's really nothing new to talk about there," he added in a telephone interview from Palo Alto, California.
The TechCrunch blog said earlier on Tuesday that Facebook had turned down a $200 million funding offer, which valued the company at $8 billion. Earlier this week, VentureBeat reported that Facebook was in discussions for $150 million in funding.
Zuckerberg declined to confirm these reports.
Facebook has more than 200 million active users, double the number it had last August. The company also ranks as one of the top photo-sharing websites, with more than 15 billion pictures uploaded onto its service.
In 2007, Microsoft Corp invested $240 million in Facebook in exchange for a 1.6 percent stake in the company, giving the social network a $15 billion valuation.
