Will the Facebook bubble burst in 2014?
Will the Facebook bubble burst in 2014?
Everybody uses Facebook because everybody uses Facebook. But what happens when they don’t? http://goo.gl/1GfKug
Facebook’s position as the leading social network is based on “network effect” - its value in today's crowded social networking world is based entirely on mass participation, just like, say, the telephone system.
People don’t like Facebook. The total effect of Facebook’s features, functions and design is strongly negative.
People love using Facebook because they love the other people who use Facebook. And that’s why Facebook feels like a “bubble” that’s overdue for a collapse.
Once everybody is no longer on Facebook, the “network effect” is weakened and its value decreases for everyone.
Facebook is suffering from a quiet abandonment, especially among teens and people in their 20s -- Facebook’s original demographic and the future of all social networks.
At some point, a "singularity" will be reached where the network effect bubble will burst, and Facebook will essentially become like MySpace -- the former social leader that hardly anybody uses anymore.
The question is: Will the bubble burst this year?
http://www.datamation.com/commentary/will-the-facebook-bubble-burst-in-2014-1.html
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