Facebook Headed For Extinction, May Lose 80 Pct Users By 2017

By SiliconIndia   |   Thursday, 23 January 2014, 13:37 Hrs   |    1 Comments
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Purchased by Rupert Murdoch’s News Corp for $580m, Myspace signed a $900m deal with Google in 2006 to sell its advertising space and was at one point valued at $12bn. It was eventually sold by News Corp for just $35m.

The 870 million people using Facebook via their smartphones each month could explain the drop in Google searches – those looking to log on are no longer doing so by typing the word Facebook into Google.

Decline in the number of Google searches of the word Facebook can be justified as the more are more users use smart gadgets to log in where Google search is not a requisite. However the statement made by David Ebersman, Facebook’s chief financial officer provides a crystal clear picture to the dwindling popularity of Facebook. “We did see a decrease in daily users, specifically among younger teens.”
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