BANGALORE, INDIA: It seems the signs are already showing with its dwindling US user numbers.
Also read: Indian CIOs ready to buy Facebook shares. Are you?
Facebook has begun monitoring its users. Employing a patrol system, Facebook recently said it has "hundreds" of staffers around the world to handle the millions of user reports it receives every week about everything from spam to threats of violence.
A detailed chart of Facebook depicts how reports of various infractions are routed through the company and lays out all the potential outcomes, which can range from an account being disabled to Facebook alerting law enforcement.
Facebook was heavily criticized for the handling of its initial public offering in May, and critics have also questioned the efficacy of its ads. One oft-cited reason for buying Facebook stock was the company's rapid growth.
The company's shares debuted at $38, but dipped well into the $20s before recovering some ground in recent weeks. It was $31.60 on June 20.
However, the falling shares haven't stopped Facebook from making big acquisitions like face.com.
Ironfire Capital founder Eric Jackson had recently said that Facebook would disappear in the way that Yahoo has disappeared." He further added: "Yahoo is still making money, it’s still profitable, still has 13,000 employees working for it, but it’s 10 pc of the value that it was at the height of 2000. For all intents and purposes, it’s disappeared.”
Considering Facebook declining popularity, do you think it will vanish in the next 10 years? Do let us know