Apple inc. co-founder Steve Wozniak said investors looking to make money should buy Facebook FB.nasdaq shares when the social networking site sells stock in what may be a record initial public offering for an Internet business.
“I would invest in Facebook,” Wozniak said in an interview with Bloomberg Television in Sydney. “I don’t care what the opening price is.”
A Bloomberg poll of investors conducted May 8 found 79 percent thought the valuation implied by the IPO was too high.
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