If you’ve been watching the news or reading the LA Times, you’re well aware of Facebook’s efforts to add more of the right kind of users. And they’re not adding the types of users they would like or are best for growth. Teens aren’t as in love with the site as they once were. And they’re adding older folks and might even allow users who are under thirteen.
These are all bad omens for Facebook. It seems a bit desperate. Who wants to be where their Mom and Dad hang out. Plus, Facebook is becoming a place for brands and business to promote themselves – a place where they can get LIKED.
So this is why Eric Jackson, founder of Ironfire Capital, saying that Facebook will go the way of the Dodo bird in five years doesn’t seem all that crazy.
“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.”
Here’s the full video of the segment on Facebook disappearing:
And while Eric Jackson is looking to make a name for himself by coming on CNBC and making statements like these, there’s a ring of truth to some of what he says. The Internet can turn on a dime and what was once very fashionable can become hated. Also, he’s right about users flocking to mobile smart phones and away from the desk top computer. It’s of course hard to sell ads on phones.