Boston, MA 02/10/2014 (wallstreetpr) – The social networking site wars are in full swing and even the best like Facebook Inc (NASDAQ:FB) will reach their peak and then trough at some point of time. And now, analysts are saying, that is exactly what has happened to Facebook Inc (NASDAQ:FB) that was at one point of time, the epitome of social networking. Many are also now comparing it to the manner in which MySpace trended. The latter had peaked in popularity in 2008 and had been getting 76M visitors every month and a year down the line; it had raked in $470M in advertising revenue.
The decline
But the weather has changed and today on an average, MySpace gets only 36m visitors and its revenue is only $34M and over the years, Facebook Inc (NASDAQ:FB) emerged as the social networking site of choice, But this giant has been facing many storms and there are black clouds on the horizon as well. Its popularity has been on the wane as the older generation has been taking to it, in a bid to keep a tab on their children. It might seem like this is a plus for Facebook Inc (NASDAQ:FB) and that it gets additional users. But there is a downside to this.
A mammoth falls from grace
As the older generation gravitated towards Facebook Inc (NASDAQ:FB), teenagers started gravitating away from it. They find the loss of privacy too difficult to handle and they are now opting to use other sites and mediums to communicate with their friends. All of a sudden Facebook Inc (NASDAQ:FB) has been tagged as an “uncool” site. MySpace had lost a lot of ground over privacy concerns and soon it had started giving up focusing on the user experience and opted for short-term benefits instead. Today, Facebook Inc (NASDAQ:FB) has lost a lot of its glitter and seems to be going the MySpace way as far as popularity is concerned.
