The tech bubble is burst, but Facebook is moving to quickly revive it: The social network is planning to go public as soon as April at a valuation of more than $100 billion.
The company, which hopes to raise $10 billion (selling only a fraction of ownership), already has the paperwork ready to go, reports the Wall Street Journal, and is just waiting for ideal market conditions. The goal is to go public between April and June, thus realizing an IPO that "has been hotly anticipated for several years as an offering that could define the latest Web epoch." In other words, while Facebook seeks market conditions to validate its shares, the market seeks Facebook shares to validate an entire industry of trivial seeming social websites. Someone just swallow their pride and send the first "friend request," already!