Facebook is a fad, says Joe Public
May 16, 2012
As investors clamour for Facebook stock – on sale tomorrow (May 17) – it seems the man on the street is less convinced.
Does he know something investors do not?
While Facebook boosted the price range of the deal to $34 to $38 a share this week, a survey revealed most people think Facebook a passing fad.
CNBC and the AP surveyed 1,003 Americans about Facebook and found 46% think it will fade away. Amusingly, only 31% of the people surveyed think it’s a bad investment.
Let’s go to the charticle.
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