Facebook rules out an immediate float

City A.M. Reporter
FACEBOOK chief executive Mark Zuckerberg yesterday said he had no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.

The world’s largest social network last week unveiled a set of features to give its nearly half-billion users better control over what data they share with the public.

But Zuckerberg said pushing the boundaries on other aspects of Facebook, such as a new “instant personalisation” feature that automatically shares users’ personal data with websites like Pandora and Yelp, was part of what made Facebook such an innovative company. Facebook will continue to make what it believes are the right changes, he said.