Americans Believe Facebook IPO Stock Price Is To High

In a recent poll conducted by CNBC, fifty percent of Americans think Facebook is a social network which is expected to come and go, similar to the likes of myspace, but with more users. Another fifty percent believe in the wake of the companies record breaking Initial Public Offering; the stock is indeed priced much to high.

The internet sensation known as Facebook began as a startup by Mark Zuckerberg to help Harvard students link to one another in an online social setting. As of a few days ago, Facebook has launched one of the largest internet IPO’s to date.