NEW YORK (
has attracted plenty of chatter about a potential valuation of $100 billion but readers
, 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
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
At $100 billion, Facebook would be worth nearly four times the amount of
, the maker of Kleenex, Huggies, and other household products. It would be worth nearly twice
, 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
, 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.
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Written by Chris Ciaccia in New York
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