Eric Jackson, and analyst, has told CNBC that he believe that the social media giant Facebook will be gone by 2020. He says the reason is because the site has not bee able to monetize the mobile platform.
Eric Jackson is the founder of the investment firm Ironfire Capital stated on CNBC’s business show Squawk on the Street on Monday that Facebook will have “disappeared” by 2020.
He doesn’t mean disappeared in the way that it will be gone totally, but he related it to Yahoo.
“In five to eight years they 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,” -Says Jackson
But up to this point Facebook hasn’t done much with the mobile, they have purchased Intragram, but that will not be enough.
Rumors were around that they wanted to buy Opera, but what will buying a failing web browser do to help them? Not much.
Source: Digital Trends