From the Sydney Morning Herald:
Facebook's sliding stock price has at least one hedge fund manager predicting a dismal decade ahead for the social network.
“In five to eight years they are going to disappear in the way that Yahoo has disappeared,” Ironfire Capital founder Eric Jackson told the CNBC show Squawk on the Street.
“Yahoo is still making money, it's still profitable, still has 13,000 employees working for it, but it's 10 per cent of the value that it was at the height of 2000,” Jackson added. “For all intents and purposes, it's disappeared.”
So how exactly does Jackson see Facebook's power eroding by decade's end? He says it will be the continued emergence of the mobile web — and Facebook's struggle to adapt to that paradigm shift.