A world without Facebook sounds unbelievable but Facebook will disappear in the coming five to eight years if a hedge fund manager is to be believed.
Facebook's February initial public offering (IPO) filing revealed that the social network had more than 425 million monthly active mobile users last December, or about half of its worldwide user base, analysts said.
"In five to eight years, they are going to disappear in the way that Yahoo has disappeared. Yahoo is still making money. It's still profitable, still has 13,000 employees working for it.
But it now has 10 per cent of the value that it once had in 2000. For all intents and purposes, it's disappeared," Ironfire Capital founder Eric Jackson said.
Facebook's February initial public offering (IPO) filing revealed that the social network had more than 425 million monthly active mobile users last December, or about half of its worldwide user base, analysts said.
One of the problems for Facebook is that the company has not been able to monetise its burgeoning mobile base. Company executives even raised the issue in its pre-IPO filings with the US Securities and Exchange Commission.And that could really hold the company back and give others a chance to flourish in its place.
Source:-businesstoday
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