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: firstname.lastname@example.org