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23 Jan
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Facebook May Be Doomed By 2017 

Latest report emerging out have suggested that social media giant Facebook may lose up to 80% of its users in the year 2017. This surely is bad news for the company especially after the emergence of new sites like Snapchat. 

Scholars at Princeton University carried out this latest research that projected the 80% decline in the Facebook user base. The research has made use of the Google Trends, which indicate the most searched topics and have concluded a steep decline in the interest shown by users. 

 

"Facebook has already reached the peak of its popularity and has entered a decline phase. The future suggests that Facebook will undergo a rapid decline in the coming years, losing 80 percent of its peak user base between 2015 and 2017. Eventually, users begin to leave and recovery spreads infectiously as users begin to lose interest in the social network "

 

As of today, Facebook is valued at $139 billion and is accessed by more than a billion users across the globe. The search trends from the research as shown a nice analogy with what happened in the case of MySpace. It peaked in 2008 before it crashed eventually. Even Facebook now has peaked in December 2012 and is expected to decline by 2017.

As per the research report, most people that create accounts on social media sites lose interest after a few years. This report has placed together trends shown by other prominent sites that peaked and crashed eventually. 

Professor Daniel Miller from University College of London has predicted that Facebook’s eventual replacement will come in the form of Twitter and Snapchat. 

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Simona Bostan

Simona is coming from a financial background, finishing her BA in Banking and Finance. She started to get into the Igaming World as a Customer Care Agent with Unibet in 2007.

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