Despite evidence to the contrary—such as 1.28 billion monthly users and a $1.84 billion market valuation as of March 13—online social network Facebook is dying, according to a paper by two Princeton academics published in January. The Princeton study predicts that Facebook will lose 80% of its peak users by 2017. The Princeton results reaffirm an earlier global social media impact study funded by the European Union, which reveals that the key youth demographic so attractive to marketers and so essential to the future of any online platform is abandoning Facebook in droves, according to a 2013 Bloomberg Television report.
By silveristhenew | Published April 25, 2014
This article was posted in bubble, Free Market, Google, Government Intervention, speculation, speculative bubble, Technology, The Corruption of Capitalism and tagged government. Bookmark the permalink. Follow comments with the RSS feed for this post.Comments are closed, but you can leave a trackback: Trackback URL.