Is Facebook going to disappear by 2020?

by bold-lichterman

Eric Jackson, founder of Ironfire Capital, said on Monday in the show Squawk on the Street (CNBC) that Facebook would lose its reputation as a major web business by 2020.

“In five to eight years, Facebook and Google are going to disappear the same way Yahoo is gone,” he said. “Yahoo is still making money, the company is still profitable with almost 13,000 employees working for it, but today it represents only 10% of the value it had in 2000”.

Is Facebook going to disappear by 2020