Is Facebook Endangered?

Will Facebook sit right next to Yahoo, MySpace and hi5 among social networks abandoned by users after only a few years? According to American analyst Eric Jackson, this scenario is not very hard to believe.

The lifetime of a social network is a hard to predict matter. Historically, it seems that every website in this category had a period of glory, even of astronomical growth, followed by an inevitable decline. This was due to factors related to technological developments that occurred in the IT & C industry. American analyst Eric Jackson thinks that Facebook will suffer from the same fate.

He said during the show Squawk on the Street, broadcasted by CNBC, that Facebook will disappear in five to eight years just as it happened to Yahoo. According to him, the social network founded by Mark Zuckerberg foundered on the strategy to attract users who use Internet communication through mobile phone, a communication channel increasingly accessed by Facebook users.

Of course, these statements are quite controversial. Facebook has acknowledged this trend, which is why last year it launched an application for most mobile phones, not just those running well-known operating systems such as iOS and Android. This simple argument shows the gaps in the analysis of Eric Jackson.

On the other hand, it’s clear that Facebook currently is not passing through a very beneficial period, financially speaking. Just weeks after listing on NASDAQ, the price of one Facebook share dropped to $28, which is $10 less than the price recorded in its initial listing.

About Laurentiu Stan

Laurentiu is a young writer, who seeks to become a big name in the news field. He discovers his passion for writing in primary school and starts with short essays in his mother tongue. In college he begins writing essays in English as a freelancer, being attracted by news reporting. Now he’s the one who brings you the latest news as soon as they happen! He’s a soccer fan, music enthusiast and loves to travel.