Say goodbye to Facebook in 2020, according to an analyst:
Facebook has earned big reputation in the past and even today it is considered to be the top social media site ever in the history of internet. But what we are hearing now is that Facebook will vanish in 2020. I know we have heard this many times before but this time we have the fund manager stating that according to his prediction and if it turns out to be true then Facebook will end in the year 2020.
The capital founder at IronFire, Mr. Eric Jackson told the CNBC show ‘Squawk on the Street on Monday’:
“In five to eight years they are going to disappear in the way that Yahoo has disappeared,” +
He further added, that:
“Yahoo is still making money, it’s still profitable, still has 13,000 employees working for it, but it’s 10% of the value that it was at the height of 2000, but for all intents and purposes, it’s disappeared.”
According to Jackson, Facebook the social media giant will be the continued materialization of the mobile platform web, and while also the struggle of Facebook is to become accustomed to that model relocation.
“The world is moving faster, it’s getting more competitive, not less,”
“I think those who are dominant in their prior generation are really going to have a hard time moving into this newer generation”
“Facebook can buy a bunch of mobile companies, but they are still a big, fat website and that’s different from a mobile app.”
Previously, Facebook made so many acquisitions with big companies like for example Instagram (photo sharing app) which makes us wonder why it is going to end in 2020. Yet still the company has recognized the platform of mobile as a prospective tentative mass for continued growth.
In its mandatory first pre-IPO revelation of 35 “risk factors” that was out in the month of February, the company confessed that as the usage of Facebook on mobile phones is increasing, its (ad-free) mobile platform will turn out to be more challenging. This challenge was highlighted again in the month of May, by the company.
According to Jackson, Facebook is the 2nd entity of three generations of present Internet companies. The 1st generation captured by industries for example Google and Yahoo which has been the king of search engines from the past eras. The 2nd generation is the Facebook platform where the heart of social media exists. The last generation consists of companies whose only goal is to influence and monetize the users of mobile phones.
Jackson also said in a statement:
“When you look over these three generations, no matter how successful you are in one generation, you don’t seem to be able to translate that into success in the second generation, no matter how much money you have in the bank, no matter how many smart PhDs you have working for you,”
“Look at how Google has struggled moving into social, and I think Facebook is going to have the same kind of challenges moving into mobile.”
Now what are your opinions readers? Will Facebook really become a history in 2020? Share your thoughts with us in the comments below!