Yahoo! Finance to stream LIVE coverage of the Facebook IPO today starting at 10:45 am. WATCH IT LIVE HERE!
In case you have not heard, Facebook (FB) goes public today and its initial public offering makes it the most valuable company at the time of its offering to ever go public. At $38 a share the company is valued at $104 billion.
While demand to own a stake in the tech giant has been much greater than any would have expected, a new AP-CNBC poll shows that 50 percent of Facebook users believe the social media network may be just a passing fad.
"I don't think it is structured as a fad," says David Kirkpatrick, a technology journalist and author of the preeminent book on Facebook, The Facebook Effect. "I think it is structured as a piece of infrastructure [and] there is nothing that could faddishly come along and replace it any time soon that I can identify."
Facebook currently has 901 million active users worldwide. In March, the site experienced an average of 526 million dailyRead More »from Facebook Effect: How The Social Network Changed the World