Death of Facebook expected in next 10 years

Eric Jackson, founder of Ironfire Capital said that facebook will be dead in almost next 10 years. He said this while giving an interview to CNBC's Squawk on the Street, this week.

When he was asked that why would it happen to facebook he said that "Look at how Google has struggled moving into social, and I think Facebook is going to have the same kind of challenges moving into mobile,".

Yet Social Network is already going hard on mobile. It has released several new mobile apps including a dedicated “Camera” for iPhone, Karma gift giving app and is also said to be developing a dedicated mobile, codenamed ‘Buffy'.

If we have a look at stock exchange, the price of facebook has gone down from US$38 to US$27 but still we must say that if something extraordinary amazing  happens then may be facebook will lose its current value
Death of Facebook expected in next 10 years

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