Facebook will lose dominance as a major web company in less than a decade, Eric Jackson, founder of Ironfire Capital said Monday on CNBC’s Squawk on the Street. “In five to eight years they are going to disappear in the way that Yahoo has disappeared,” Jackson said. “Yahoo is still making money, it’s still profitable, still has 13,000 employees working for it, but it’s 10 percent of the value that it was at the height of 2000. For all intents and purposes, it’s disappeared.” [CNBC]

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    5-8 years seems optimistic…

  2. Posted by guest | June 4, 2012 at 4:45 PM

    10% of 18bil, I'm still good

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  3. Posted by guest | June 4, 2012 at 4:47 PM

    Not so mavericky now are ya?!

    -DL, upon finding out MZ not only graduated but with Latin honors

  4. Posted by Zuck | June 4, 2012 at 4:53 PM

    Liked

    -Tyler Howard Winklevoss

  5. Posted by VonSloneker | June 4, 2012 at 4:59 PM

    You know what's really cool? 100% of $18 Billion if you can convince Google (or TimeWarner) to buy it right now.

    - Steve Case

  6. Posted by skeptic | June 4, 2012 at 5:02 PM

    Always trust the analytical acumen of a guy whose "long/short and corporate governance-focused investment firm" doesn't file with the SEC. AUM must be huge!

  7. Posted by Abe_Froman_ | June 4, 2012 at 5:20 PM

    Guess who just got unfriended by Zucks

  8. Posted by Steve Zissou | June 4, 2012 at 5:30 PM

    He looks like a pearl inside a giant clam.

  9. Posted by myan | June 4, 2012 at 5:32 PM

    facebook will disappear when the world ends in 6 months and 8 days, idiot.

  10. Posted by James Gorman | June 4, 2012 at 5:47 PM

    Do you think we should start shorting now?

  11. Posted by VonSloneker | June 4, 2012 at 5:52 PM

    He was in a jam
    He's in a giant clam!!!!

    - R. Lobster

    Plus 1 For the reference

  12. Posted by Shift+F9 | June 4, 2012 at 6:22 PM

    and valuation metrics from 2000 are an excellent reference point.

    – guy who's not a fan of FB, but loathes idiotic prognostications even more

  13. Posted by Guest | June 4, 2012 at 6:34 PM

    Joke briefer?

  14. Posted by Mark Andreessen | June 4, 2012 at 6:43 PM

    Tell me about it.

  15. Posted by Josh Fink | June 4, 2012 at 6:44 PM

    Yes.

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    Google "Life Aquatic" and B52s "Rock Lobster."

  17. Posted by Guest | June 4, 2012 at 10:33 PM

    Facebook– tomorrow's Netscape

  18. Posted by Clown Financial | June 5, 2012 at 1:05 AM

    *Geocities

  19. Posted by sundropdev | June 5, 2012 at 6:40 AM

    I really should have gone to that FB party I was invited to after all. I hadnt snorted coke off anyones tits in a while, but zucks tits are so small. Wouldnt have been worth it.

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    1-2 months before news drops that traders at Goldman shorted the hell out of FB from the get go.

  21. Posted by LvP wannabe | June 5, 2012 at 12:36 PM

    It's called "pre-hedged" or "freed up inventory capacity for facilitating market making"

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    Pets.com/Facebook

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