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Yeah, but people kept going on with "no it's not...", but now the evidence is becoming pretty solid. FB will soon be as relevant as Geocities, MySpace and others now long forgotten.
Facebook is not failing. People are simply using other platforms in addition/instead of FB. It's like saying Honda is going broke because Toyota increased sales. I would actually liken FB as more of a mature brand- meaning plenty of loyalty and users but no longer new/exciting.
As others have mentioned FB is also turning into the digital equivalent of a conglomerate. So their original product might wane but they will be able to expand into other areas.
I have noticed a trend where kids will abandon FB when they are in high school, then pick it up again in college when they are far from HS friends so they can keep up with them. They are generally not as active as older members on FB, but they do pop in every few weeks/month, etc.
My middle kid graduated from HS a couple of years ago and he was never one to actually use his FB account. He said the other day that he thought it might start logging in now and then to keep in contact with the folks he's lost contact with.
I figure my daughter will do the same after she graduates next year. She abandoned her FB account in 9th grade.
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I am not a big Facebook fan or user, but you all saying that they are doomed because the youth of today have "moved on" are hilarious.
Enron (which failed) was valued at 70 billion at it's peak value.
Facebook is valued at over 500 billion right now from what I can find.
For a company that is valued at 500 billion dollars to "fail" and go away would take a level of mismanagement or criminality rarely seen.
As others here have pointed out, Facebook is busy buying up Instagram and others like it. Would not surprise me if Twitter was next for them.
I do not think Facebook is going anywhere any time soon and I seriously doubt that any efforts to break them up will succeed. They will just evolve. Especially since Zuckerberg is so still so young.
Let's bring this up again 50 years from now because I would be willing to bet Facebook is still here in some form or another (and probably valued at quite a bit more than 500 billion).
Last edited by Texas Minded; 06-01-2018 at 11:00 AM..
Facebook is not failing. People are simply using other platforms in addition/instead of FB. It's like saying Honda is going broke because Toyota increased sales. I would actually liken FB as more of a mature brand- meaning plenty of loyalty and users but no longer new/exciting.
As others have mentioned FB is also turning into the digital equivalent of a conglomerate. So their original product might wane but they will be able to expand into other areas.
I am not a big Facebook fan or user, but you all saying that they are doomed because the youth of today have "moved on" are hilarious.
Enron (which failed) was valued at 70 billion at it's peak value.
Facebook is valued at over 500 billion right now from what I can find.
For a company that is valued at 500 billion dollars to "fail" and go away would take a level of mismanagement or criminality rarely seen.
As others here have pointed out, Facebook is busy buying up Instagram and others like it. Would not surprise me if Twitter was next for them.
I do not think Facebook is going anywhere any time soon and I seriously doubt that any efforts to break them up will succeed. They will just evolve. Especially since Zuckerberg is so still so young.
Let's bring this up again 50 years from now because I would be willing to bet Facebook is still here in some form or another (and probably valued at quite a bit more than 500 billion).
*Disclosure , Texas Minded owns Facebook stock and is long Facebook .
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