Facebook Inc (NASDAQ:FB) business is flourishing and every move and strategy of Mark Zuckerberg is working. The company’s revenue exploded last year and touched $12.47 billion. Facebook Inc (NASDAQ:FB) is now heavily investing and focusing on the mobile, ads and internet of things. But an article on Fool said that same was the situation with MySpace, a social network which died and crumbled apart within days. The source said that Facebook Inc (NASDAQ:FB) will not face any problem in ads, sales, revenues. The real factor that could kill Facebook Inc (NASDAQ:FB)’s up graph is the lack of interest by its user base. Facebook Inc (NASDAQ:FB)’s has more than 1 billion monthly active users. The majority of this user base is from millennial age group; a customer base famous for its unreliable mood swings and fluctuating trends.
MySpace was a social media giant years ago. It has around 75.9 million monthly unique visitors in 2006, when the internet world was not as diverse as today. But Facebook Inc (NASDAQ:FB) and Twitter came along and killed MySpace, because the users thought MySpace as outdated and ‘not cool’. Facebook Inc (NASDAQ:FB)’s CEO is well aware of this fact. This is the reason behind Zuckerberg’s race to stay relevant in the market. He made two timely moves by acquiring WhatsApp and Instagram and these two apps are enough to make Facebook strong in the dynamic social media market.
The source argued that Facebook Inc (NASDAQ:FB) stock is vulnerable and it always will be because that’s how the market works. No company could remain the giant forever.
Ken Griffin holds 4.58 million shares worth $307.87 million of Facebook Inc. (NASDAQ:FB).
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