Facebook’s stock price is sinking like the Titanic, and it still has no idea how to effectively monetize half of its users that visit the social network through their mobile devices.
To make matter worst, reports suggest Facebook want to make a mobile phone, which is a bad idea.
It is not unreasonable for one to think Facebook is coming to an end, at least in the way Yahoo! has become non-existent.
“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 on Monday.”
The hedge fund manager believes the rapid growth of the mobile is going to cripple Facebook. Facebook themselves admitted in the SEC filing that this could very well be a huge problem. Facebook have been trying to grab a slice of the mobile social space with acquiring Instagram. The photo-social sharing website, Instagram did not make any revenue either so maybe Facebook have a plan, or they just hope they are going to figure it out.
Read more at Mashable