The latest estimate of Facebook's valuation is $104 billion, based on the company's initial share price of $38 US.
While the site has more than 900 million followers worldwide, an Associated Press-CNBC poll released May 15 suggested that half of Americans believe the social network is a fad and will lose its currency in the near future.
Facebook supporters like to tout the statistic that one out of every seven minutes spent on the internet is spent on Facebook. But detractors say that, for all its popularity, the company has made some strategic errors.
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