Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 19, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide

Drought Adds to Syria’s Misery




The Divide


Truthdig Bazaar
Beyond the Revolution

Beyond the Revolution

By William H. Goetzmann
$23.10

more items

 
Ear to the Ground

Facebook: Gone in 5 to 8 Years?

Email this item Email    Print this item Print    Share this item... Share

Posted on Jun 5, 2012
Johann Larsson (CC BY 2.0)

“Facebook can buy a bunch of mobile companies, but they are still a big, fat website and that’s different from a mobile app,” Jackson said.

Facebook will go the way of Yahoo in less than a decade, becoming a relatively minor Internet company as the site struggles to adapt to the world of mobile Web surfing, says Eric Jackson, founder of a firm that works to boost the market value of fledgling companies.

CNBC:

Jackson said there have been three generations of web companies. The first generation was big web portals, such as Yahoo [YHOO 15.01   0.09 (+0.6%)  ], where content was aggregated in one place. The second was the social web with Facebook [FB 26.90   -0.82 (-2.96%)  ] and the third generation is companies focused entirely on monetizing the mobile platform, something Facebook will continue to struggle with, Jackson said.

“When you look over these three generations, no matter how successful you are in one generation, you don’t seem to be able to translate that into success in the second generation, no matter how much money you have in the bank, no matter how many smart PhDs you have working for you,” Jackson said. “Look at how Google [GOOG 578.59   7.61 (+1.33%)  ] has struggled moving into social, and I think Facebook is going to have the same kind of challenges moving into mobile.”

Last month Facebook acknowledged its mobile challenge in a regulatory filing. The company stated that the growing number of mobile users using Facebook is hard to monetize and “may negatively affect our revenue and financial results.”

Read more

—Posted by Alexander Reed Kelly

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Newsletter

sign up to get updates


 
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.