Facebook will die within a year! So said a tech clairvoyant I know 8 years ago.
We are in 2016 and I must confess I have heard that assertion at least once every year in the past 8 years. Not only has this assertion been terribly off the mark, the opposite of what has been asserted has transpired. Facebook has grown every year and it has done so with such resounding success that it has become fashionable to assert they will fail one day.
It seems to me that in the case of facebook tech industry pundits have resorted to the law of averages. If you claim enough times that facebook will fail and do so over a sufficiently long period of time, sooner or later you will be right. But it will have to be later, not any time in the near future.
Facebook has released its quarterly results and much to the dismay of some industry analysts, the company has once again done well where it matters the most – adding to the bottom line.