«

»

Jan 06

Is Facebook Fading?

I am now starting to wonder if Facebook is fading. Will it become another MySpace?

It is true that the younger generation does not use Facebook very much any more. Things such as Instagram, Snapchat, and Pinterest have stepped in with new ways to communicate. One can see diminishing use of Facebook by the younger crowd.

But what about the mid to older crowd? They are embracing Facebook like never before. This in itself might be one reason the younger crowd is shying away from Facebook. But so many people use Facebook to find long list friends (and maybe even girlfriends). It looks like the demographics of Facebook have changed, but the outlook is still bright. That’s because the older demographic can probably command higher advertising dollars since they have more disposable income.

It will be interesting to see how Facebook develops over the years. It will also be interesting to see how Instagram and ShanpChat do.