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Facebook…Declining?
July 10, 2012 // by Nicole Sakin// Leave a Comment
It can be difficult to think back to the 1990's, a time of classic Nicktoons, overalls, and no social networking.
Five or ten years from now, will most of the nearly billion Facebook users be checking it daily just like we once checked the angsty and awkward Myspace? The movie The Social Network dramatized the site's beginnings, but what will it's end look like?
Will it go the way of AIM and slowly die off? Or will a competitor take its place? Will we continue to stalk people's photographs religiously?
"Google has already tried [to be a competitor], and it hasn't exactly taken off. Facebook is just too big at the moment, said Exeter University sophomore Ethan G.
Since Facebook went public, the price per share has gone from as low as $25.52 to as high as $45, according to Nasdaq's website.
What could be fueling the large difference between the highest and the lowest prices may be that 60 percent of users have deactivated their Facebook accounts at some time or another, according to a report from PC World. In May, the amount of American Facebook users went from 155.2 million to 149.4 million.
"Almost all the people I know who have deactivated their Facebook's for Greek Life recruitment or whatnot have reactivated their Facebooks afterwards," said University of Central Florida junior Alyssa B. "They always complain about how much they missed it."
Privacy concerns seem to be at the forefront of reasons why Facebook accounts are deactivated. Even The Onion has poked fun at how no future presidential candidate will be able to have any secrets.
"Privacy to me is not an issue on Facebook," said Penn State University senior Laura D. "I feel that my privacy is not at stake on Facebook, which is why I trust it."
Even if usership drops, some believe that Facebook will still stick around even past its prime.
"It is worth several billion, and the amount of advertising and third parties that go through there… it wouldn't be worth it for them for it to be shut down," said Nottingham Trent University junior Lauren H. "Also, it's a brand. And brands don't die, and I think it is the biggest brand out there. Even a six-year-old child has heard of Facebook."
Image: http://aninews.in/newsdetail7/story56901/facebook-obsessed-generation-shuns-apprenticeships.html
About Nicole Sakin
Freshman > Journalism > University of Maryland
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