Facebook will become something of a has-been within five to eight years, according to one analyst. And while that assertion has raised a ruckus online this week, other industry analysts wouldn't be shocked if the prediction comes true.
"In five to eight years they are going to disappear in the way that Yahoo has disappeared," said Eric Jackson, founder of Ironfire Capital while appearing on CNBC's 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% of the value that it was at the height of 2000. For all intents and purposes, it's disappeared." Read More
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