Classmates.com Goes Public, Is Facebook Next?

According to Mashable, Classmates.com is filing for an IPO. Their reported offering will be worth $125 million. They currently have 50 million registered users with over 5 percent of those members having paid subscriptions. One thing I get from this is that Classmates either has a horrendous monetization strategy or Facebook really does have way too much hype. Next year Facebook will cross the 100 million user threshold and will continue to grow.