Facebook IPO Buzz Fans Valuation, Privacy Worries
Fellow at the Rock Center of Corporate Governance Vivek Wadhwa is quoted in the following MarketWatch article by Benjamin Pimentel on the upcoming Facebook IPO.
With Facebook Inc. now expected to go public in about two weeks, the social-networking giant’s much-anticipated initial public offering is drawing heightened investor interest, along with worries about valuation and privacy.
Facebook (US:FB) reportedly plans to debut on May 18, and will kick off the road show to tout its stock to investors next week, The Wall Street Journal reported Tuesday.
This was echoed by Vivek Wadhwa, a fellow at the Stanford University Rock Center of Corporate Governance, who noted that there will be “increasing pressure for [Facebook] to increase their revenue, which means doing more of what their customers hate — selling their data.”
Wadhwa also called the speculated valuation for the company “ridiculous,” saying a valuation of $20 billion to $30 billion would more reasonable.