Facebook overvalued, according to investors

Facebook, which is seeking as much as $96 billion in its initial public offering next week, is overvalued at that price, according to a Bloomberg investor poll.

12th May, 2012

Facebook, seeking as much as $96 billion in its initial public offering next week, is overvalued at that price, according to a Bloomberg investor poll.

Underscoring concerns that growth may taper for the world's biggest social network, 79 per cent of respondents in the Bloomberg Global Poll of 1,253 investors, analysts and traders who are Bloomberg subscribers said Facebook didn't deserve such a high valuation.

While Facebook's communication and photo-sharing tools had helped it amass 900 million users,...

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