NEW YORK ( TheStreet) -- Facebook has attracted plenty of chatter about a potential valuation of $100 billion but readers polled by TheStreet, however, say that the social networking giant is not worth such a massive valuation.
Nearly 78% of respondents felt the company isn't worth $100 billion. Facebook finally filed for its IPO late Wednesday, seeking to raise $5 billion.
There have been many concerns about Facebook's valuation. A $100 billion market cap would make it worth nearly as much as household name McDonald's (MCD).
At $100 billion, Facebook would be worth nearly four times the amount of Kimberly-Clark (KMB), the maker of Kleenex, Huggies, and other household products. It would be worth nearly twice HP (HPQ), despite HP having over $100 billion in revenue.There have also been concerns that Facebook could become stagnant once the company goes public. Facebook is often compared to Google (GOOG), which is dealing with issues such as talent retention, slowing growth, and privacy concerns. Facebook currently has 845 million users, according to the filing, and has $3.9 billion in cash and cash equivalents. The company's CEO Mark Zuckerberg received total compensation of around $1.5 million in 2011. Check out our new tech blog, Tech Trends. -- Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: email@example.com
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