New Study Predicts Facebook Will Lose 80% of Users in Next Four Years

Posted by Techvibes NewsDesk

Princeton University researchers are forecasting an extreme drop in users for the world's largest social network.

According to a study conducted by two researchers in Princeton’s Department of Mechanical and Aerospace Engineering, which cited MySpace as a case study, Facebook is “just beginning to show the onset of an abandonment phase.” The study predicts that abandonment will accelerate and Facebook could lose up to 80% of its users between 2015 and 2017—that would be near one billion currently active users fleeing the site permanently in just two years.

The study also suggests that, at $140 billion, Facebook is grossly overpriced. MySpace was bought in 2005 for $580 million at its peak before being sold six years later for a paltry $35 million.

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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