Facebook is in real trouble. Their COO and Tech Officer are really on the hot seat. Now they are calling for Z man to vacate his CEO position.
Google, Apple and Amazon don’t worry me in the least. They were overpriced but they are solid companies.
Netflix and Facebook are fads. And the latter has no emerging audience. My oldest (21) used FB regularly when he was in High School. He’s done with it and the next generation hasn’t emerged. My younger kids are all about SnapChat. They don’t even HAVE FB accounts.
That is FB’s bigger issue. If they didn’t own Instagram, they’d be in even worse shape.
Haven’t been able to get on FB this morning.
I figure maybe 30%, or higher, of Facebook users actually use it on a regular basis. I’ve looked up a lot of people from my past that haven’t posted in months and sometimes years.
SnapChat is already done. Use is down 33% and the Snap stock has plummeted 200% this year and 400% from it’s all time high.