Friday, June 8, 2012

Will Facebook end just like Yahoo?

Ateneo Innovation and Entrepreneurship "New ideas create more and better new products and services; create more wealth."

                       


Facebook shares are now at $25.68 (Tuesday) 32% off its initial IPO price of $38.00.  With it comes a number of possible lawsuits.

Erick Jackson of Ironside Capital remarked that Facebook will lose its dominance in social media in l0 years.  It will go by way of Yahoo.  Yahoo still makes money but it has lost its presence.

              

He said that Facebook is unable to keep pace with mobile technology and this latest IPO debacle.

The proposed strategy is to make facebook available to children below 13.

Do you agree with Erick Jackson?

What can you suggest to facebook to revive its sagging fortunes?

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