Facebook is a great place for catching up on all the things that people who you either can't or can't be bothered to keep up with are doing. Their traffic woes, what they ate for lunch, where they vacationed and other important milestones in their lives. I never post anything on FB that is even remotely personal about me, and if someone posts something political, I take them off my live feed. I check FB every couple of weeks. I don't go to businesses on FB.
I'm not sure how FB got to be the news/business site that it is, but I do my best to not help it along.