Facebook has only 5-8 years to live: Analyst

You would think with how ubiquitous Facebook is becoming that they would last more than at least the next ten years, but one analyst opines differently. Eric Jackson, the founder of Ironfire Capital told a CNBC show, Squawk on the Street that he thinks the social network will disappear in the next five to eight years. He said, "In five to eight years they are going to disappear in the way that Yahoo has disappeared. Yahoo is still making money, it’s still profitable, still has 13,000 employees working for it, but it’s 10% of the value that it was at the height of 2000. For all intents and purposes, it’s disappeared." Jackson says this in response to the disappointing IPO that Facebook had recently.