Facebook’s rumored to be filing its paperwork for its initial public offering Wednesday and is reportedly trying to raise $10 billion, which would give it a valuation of $100 billion.
Historically speaking, if Facebook has raised that much for its initial public offering, it would: be the sixth-largest U.S. IPO ever, sliding between AT&T Wireless and Kraft Foods; be the 15th-largest IPO in global history, behind Glencore International and ahead of Japan Tobacco.
Of course, not everyone who fell in love with the social networking site is still feeling that way. Some are starting to think they could do something more constructive with their free time.
Ways to localize this story:
From a business standpoint, you can talk to people in your community about the importance of social media to businesses these days. Is it still a great way to reach customers and potential customers?
Survey people who use Facebook to connect with others, from teens to adults. Have the adults made it too uncool for the teens? How much time are people in your community spending on Facebook?
See what else could be on the horizon to unseat Facebook, like Google+.