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Web 2.0: Facebook's Zuckerberg: Financing "Almost Wrapped Up"

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We couldn’t make it to SF this week for Web 2.0 (we’ll be there in a few days for CTIA) but Barrons’ Eric Savitz is on hand to report that Facebook CEO Marc Zuckerberg still has nothing definitive to announce about the social net’s massive funding round in the works. Zuckerberg says the financing is “almost wrapped up” and, without using the actual term, that an IPO is “years out.” Asked by conference chair John Battelle if the company is worth $15 billion, he said, “We’ll see.” Facebook is “at about break even: and “pretty sure” he’s “happy” with the Microsoft (NSDQ: MSFT) ad deal.

Back to the IPO, for now every employee — they about 300 — gets equity, a practive he says will continue as they more than double to an expected 700 or so next year. Eric wonders if hitting 500 equity holders will trigger SEC filing. More in his post and from Josh Quittner at Fortune. Memo to Mark: we’ll be at the Palace in SF next Monday night if you want to continue your streak of appearances there.