Wednesday, June 6, 2012

Facebook going to vanish by 2020: Analyst


The world without Facebook sounds unbelievable, but after its sliding stocks a hedge fund manager has predicted that Facebook will disappear in five to eight years. According to Eric Jackson, the founder of Ironfire Capital, said, "In five to eight years they are going to disappear in the way that Yahoo has disappeared.

"Yahoo is still making money. Its still profitable, still has 13,000 employees working for it. But it's 10 percent of the value that it was at the height of 2000. For all intends and purposes, its disappeared.

Facebook then swept in as the second generation with the wave of social media. The third generation is all about mobile, he said. While the assertion raised a ruckus online this week, other industry analysts wouldn't.


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