Skype puts off IPO
Needs time to boost revenues and let its new CEO get up to speed.
"VoIP service Skype has reportedly delayed its IPO until later in the year, citing a need for higher revenue and a plan to get the company 'in better shape'," writes Smartcompany's Patrick Stafford.
"This latest report highlights what many analysts believe to be a fairly shaky plan for an IPO, given the company said it has doubts over whether the company can ever become profitable," Stafford writes.
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Skype delays IPO to give it time to increase revenue and clean up "company"