Current buzz about a potential Facebook IPO is mere fodder for the rumor mill, reports Epicenter, via statements made by Mark Zuckerberg in Time Magazine.

“We're not really looking to sell the company. We're not looking to IPO anytime soon. It's just not the core focus of the company,” Facebook co-founder Mark Zuckerberg told Time Magazine.

The rumors sparked when the company began a search for a stock administrator, but it turns out this position was for granting options to Facebook employees, a "core part" of the company's compensation.