Posted on 06/04/2012 8:51:13 PM PDT by Lmo56
Facebook will lose dominance as a major web company in less than a decade, Eric Jackson, founder of Ironfire Capital said Monday on CNBC's Squawk on the Street.
"In five to eight years they are going to disappear in the way that Yahoo has disappeared," Jackson said. "Yahoo is still making money, it's still profitable, still has 13,000 employees working for it, but it's 10 percent of the value that it was at the height of 2000. For all intents and purposes, it's disappeared."
Jackson said there have been three generations of web companies. The first generation was big web portals, such as Yahoo [YHOO 15.01 0.09 (+0.6%) ], where content was aggregated in one place. The second was the social web with Facebook [FB 26.90 -0.82 (-2.96%) ] and the third generation is companies focused entirely on monetizing the mobile platform, something Facebook will continue to struggle with, Jackson said.
(Excerpt) Read more at cnbc.com ...
I wouldn’t say so, but there have been many university studies on FB that have come to identical conclusions, that the majority of FB users (not all) fall into two categories: 1) the lonely (shut-ins, disabled, etc.), and 2) the narcissistic.
Well perhaps, we all know the veracity of university studies.
I know the people I see on there have families and friends and post about them.
Of course those universities would probably say the same about FR.
“Heartily concur. FB only has personal info/data to mine and sell to potential advertisers.”
I really believe this claim. When my wife passed away, I changed my FB profile to widowed. Much to my surprise I started receiving email solicitations from Match.com, Christian Mingle.com, Eharmony.com etc. I immediately disabled my account.
Similar thing happened to me except I was getting these strange sidebar advertising during my Yahoo mail account viewing. Even my Amazon preferences seemed to change.
Tracking cookies are now like telepathic bloodsucking tics attached to your under regions.
Whats really scary is FB becoming like Minority Report. Anywhere you go your eyes will be scanned and then personalized propaganda advertising is bombarding you like a waterboard interrogation.
“Tracking cookies are now like telepathic bloodsucking tics attached to your under regions.”
I recently installed Firefox 12 which has a ‘do not track option’. In addition I have blocked the Facebook website along with deleting cookies of ‘unfriendly’ web sites. Don’t know if this will help maintain my privacy.
I’m 64 years old and I’ve been on FB for 3 years. I have friends from many age groups, the majority of them over 30, and many around my age. They, in turn, also have friends in their age group. Yes, there are 13 year old girls on FB, but FB is a diverse group of people - rich, poor, black, white, married, single, young, old, and many military members and their families. I don’t know about all the financial hullabaloo because being on FB doesn’t cost me a dime. I can’t see FB going away because there are millions of members who aren’t going to just go away. It may become another social site with another name, like what happened to MySpace, but it will be around in some form.
I’ve been on for 3 years and haven’t had one bit of problem with my personal info. Nor do I know any of my friends who are on FB who have had any problems. You just have to be smart and not post super-personal things on there, like when you’re going on vacation, or details about your love life that you wouldn’t want plastered all over the world. Keep it smart and you should be OK.
And what happened to MySpace? It just got replaced by Facebook. The same thing will happen if FB disappears. Another venue similar to it will come along.
A misleading number. I'm in it more than once, for example.
Since when is necessary a requirement? Who gets to decide whats necessary?
The user.
In the case of many internet companies, there are more moving parts than in a normal business. It's often the case that the user is not the customer. Rather, the user is the product, whose attention must be sold to the paying customers. So, the user is necessary and must be acquired and must be satisfied, but is not sufficient. That's why that word monetize
appears so often in discussions of internet companies. Eric Jackson is just pointing all that out and speculating that FB doesn't have the stuff to meet the challenge.
Wow usually I have to read the NYT to see that much doublespeak.
The Analyst is generously optimistic.
IIRC, when I signed up, all I put in was name, e-mail, and maybe my age [all of which is already publicly known] ...
Other than that, FB has NO info on me.
I NEVER put any other info up - did not see the need.
Only reason I am on it is to see what my friends have posted ...
Sailed right over you, did it?
Same response the NYT uses to justify their doublespeak.
I like Bing.
If you’re a newshoudn, Twitter is actually a very useful tool. Facebook is just a waste of time.
Of course FB will go away. All “popular” things do. MySpace was all the rage until it became unpopular when FB became popular.
Thanks Lmo56.
Facebook needs to be more flexible for users, instead of ramming idiotic changes down our throats and making everything less functional and more annoying.
Also FB needs to have live tech support, instead of the idiotic “push one for customer support. (I push one) Facebook doesn’t offer customer support at this time. (click)
I did notice that Amazon is suddenly interested in my “purchases” since joining f b
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