A new poll shows half of Americans think Facebook is a passing fad. And, in the run-up to the social network’s initial public offering of stock, half of Americans also say the social network’s expected asking price is too high.
The company Mark Zuckerberg created as a Harvard student eight years ago is preparing for what looks to be the biggest Internet IPO ever. According to the Associated Press-CNBC poll, 50 percent of those surveyed think the company’s expected value is too high.
Just this morning, Facebook raised it’s IPO price range to $34-$38. The offering would value Facebook at more than $100 billion.