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Facebook to disappear in 5 to 8 years

Facebook has gained immense popularity since the past few years and now, the world without facebook sounds unbelievable but after its sliding stocks a hedge fund manager has predicted that facebook will disappear in next five to eight years. According to Eric Jackson, the founder of Ironfire capital, in five to eight years they are going to disappear in the way that yahoo has disappeared. According to them, yahoo is still making money and is still pretty profitable as it has 13,000 employees working for it but its 10 per cent of the value that it was at height of 2000. For all intents and purposes, it’s disappeared. Jackson noticed that facebook is the second generation with the wave of social media whereas the third generation is mobile. Well, the term disappear is proving pretty surprising for all but the industry analysts wouldn’t be much shocked if the prediction comes out true. The prediction of facebook’s demise came out just weeks after the social network’s troubled IPO.

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