That's because for most people reality sucks. Well played Facebook.
What sucks is listening to the boss. "lol"
I think the target audience is very young. Facebook strategy is probably very long term, playing on the fact that young people grew up with Facebook.
Teenagers were actually shown to be fairly uninterested in Facebook, and are engaging much more with services like Tumblr and Instagram (well, which is now part of FB).
Source: http://business.time.com/2013/03/08/is-facebook-losing-its-c...