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October 18, 2007
Zuckerberg clamps Facebook's chastity belt

Zuckerberg reinforced his desire to keep control of Facebook yesterday afternoon at the Web 2.0 Summit in San Francisco. CNET reported that Zuckerberg used his time on stage to douse widely held speculation of an acquisition or IPO following the social networking site's hype.

There have been many rumors of a Facebook acquisition by both Google and Microsoft, none of which have come to fruition. The company could be valued at more than $10 billion dollars following a potential investment by Microsoft.

As for an IPO, "I'm not saying it's never going to happen, but it's definitely years out," said Zuckerberg to a disappointed crowd.

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