Will Facebook Be Extinct In 5 Years?

Facebook is the biggest social media website on the Internet today, claiming to have over 800 million users on the website. The owner, Mark Zuckerberg is stomped with cash, and he has just recently got married. But what happened to the official IPO of Facebook? It was a shocking event, with many angry investors filing
lawsuits against the CEO, Mark Zuckerberg himself. Read on to find out.

With the recent Facebook stock continuing it’s dramatic falls, and shareholders filing a lawsuit against him, Facebook CEO Mark Zuckerberg and his company could really do with some good, positive news. However, recently a financial analyst recently predicted that Facebook will no longer be alive in the future, and will “disappear”. This is what Eric Jackson, founder of the Ironfire Capital, said on CNBC:


“In five to eight years they (Facebook) are going to disappear in the way that Yahoo has disappeared.  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.”