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Facebook - Passing Fad or Here to Stay?

Is Facebook a passing fad, destined to go the same way as the Rubiks cube and the hula hoop, or will it still be going strong 20 or 30 years from now?

As Facebook stocks hit the market Friday in one of the biggest initial public offerings ever, some investors were a little hesitant to put too much credence in the company’s sustainability.  Forbes reported that General Motors pulled its $10 million advertising investment on Facebook just before the launch of the IPO, saying the ads were ineffective and didn’t warrant the expense.

More concerning for people considering buying up shares that launched at $38 a share, however, was whether or not Facebook would still be around 20 or 30 years from now. CNBC reported that a CNBC/AP poll conducted from May 3 – 7 among 1,004 people found that 50 percent thought Facebook was a passing fad.

So what do you think? Is Facebook just a passing fad that will go the same way as the hula hoop or the Rubiks cube, or will it still be around in some form or another for decades to come?

Vanzetta Evans (Editor) May 20, 2012 at 03:07 PM
I don't think Facebook will be around in 30 years, much like kids these days don't listen to records. Technology will change and grow and something will replace FB. I don't see that happening in the next decade, but do I see my grandkids using FB? No.
Kristi Reed (Editor) May 20, 2012 at 03:20 PM
I agree. I think something new will come along to replace it just like Facebook replaced MySpace. Who knows? Maybe in 20 years we'll be having discussions in VR chat rooms or spend our time interacting with friends in some other type of simulated online environment (think MMORPGs but more reality-based).
Sharon Swanepoel May 20, 2012 at 03:51 PM
I'm in this club too. As technology develops, so will social media. It will have to in order to keep up. From an investment point of view, I guess we will have to see if Facebook, the company, can evolve quickly enough to stay ahead of the game.

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