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 miss my MySpace and Friendster pals.
Last I saw today, Faceplant was at about $20. It's "disappearing" faster than anybody thought.
I miss my MySpace and Friendster pals.
I really liked MySpace, too. I didn't have my own MySpace page but musicians I know used to regularly post their latest recordings on MySpace and you could just click and listen. A lot of those pages have now been basically abandoned.
An artistic filmmaker who directed movies about cross-country road racing, cockfighting, and produced a hit film about a bank robbery contacted me via friendster because he noticed I listed one of his films among my top 10 favorites.
There are reportedly over a billion IDs on facebook. They do not represent 1 billion people, real, imaginary, or even alternate identities.
It’s a bogus claim by the new breed of tulip.
The cool kids left MySpace when Fox’s NewsCorp bought them out. Within a year the same thing could happen to Facebook. People ain’t happy with the site.
CNBC will disappear in 5-8 years...
I wasn’t referring to alternatives to Google for searching (there are many, and they all work fine because they are all accessing the same web). I was referring to Google’s social networking site alternative to Facebook. It’s so successful I can;’t recall its exact name.
Tuesday closing price was $25.87 and only about .04% of shares were traded. A lot of people are thinking are praying that the stock will eventually go back up. Those people might be better off shorting the stock and recoup at least some of their losses. The price is not going back up, EVER.
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