The Facebook IPO was this week’s biggest story. The social media giant, which boasts 800 million members, is seeking a $75-$100 billion market valuation. But hold your horses, investors. A lot of that optimism could be empty hype. After all, look at the site’s requested valuation as a percentage of its 2011 revenue, and compare it to other tech giants like Google and Microsoft. Also, contrary to Mark Zuckerberg’s claim, most of the world does not, in fact, “have access to the internet or mobile phones.”
In conversation with New Yorker writer Jia Tolentino, Swing Time author Zadie Smith explained why she doesn’t engage in social media: “I want to have my feeling, even if it’s wrong, even if it’s inappropriate, express it to myself in the privacy of my heart and my mind. I don’t want to be bullied out of it,” according to the the Huffington Post. Read Sarah Labrie‘s essay on social media anxiety from our archives.