'Facebook will disappear in 5 to 8 yrs like Yahoo, AOL' says Analyst

An industry analyst has predicted that, the most popular social networking site of present era Facebook will soon disappear in the next 5 to 8 years.

Eric Jackson, founder of Ironfire Capital, has predicted that Facebook will also face the same situation as former tech giants AOL and Yahoo in the coming years.

According to The New York Daily News, Jackson said the social networking giant would slowly attenuate from the spotlight after getting huge success and popularity.

"In five to eight years they are going to disappear in the way that Yahoo has disappeared," Jackson told CNBC News.

"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," he added.

According to the report, Jackson pointed out that the next phase of tech will be dominated by mobile, and Facebook is facing a hard time of transition into the new era.

"Look at how Google has struggled moving into social, and I think Facebook is going to have the same kind of challenges moving into mobile," the paper quoted him, as saying.

Jackson also quoted that the success of Facebook won't continue into the future as 'it is not nimble enough to change gears'.

"The world is moving faster, it's getting more competitive, not less, and I think those who are dominant in their prior generation are really going to have a hard time moving into this newer generation," he said.

"Facebook can buy a bunch of mobile companies, but they are still a big, fat website and that's different from a mobile app," he added.

-With inputs from ANI