Considering this, will Facebook die out?
No, Facebook isn't going away anytime soon. Yes, Facebook may still be relevant a decade from now. But Facebook's core social network is primarily a place to post photos and videos and comments that aren't private and don't disappear.
Also, is Facebook the next Myspace? “Any social media platform, in time, is going to become MySpace,” said Sabretooth Advisors chief investment officer Scott Freeze, who manages the New Tech and Media ETF US:FNG. “Nobody young uses Facebook.” Any social media platform, in time, is going to become MySpace.
Simply so, why did myspace die out?
Instead, Myspace unleashed a slew of products that were buggy and dysfunctional, confusing and alienating users while failing to compete with Facebook's own progress. “[Myspace failed] to execute the product development,” former Facebook president Sean Parker said in a recent interview.
Did Myspace shut down?
First off, it's no longer called MySpace—it's now Myspace (lowercase “s”). Down to about 200 employees, Myspace announced in November of 2013 that it would lay off 5% of its workforce.
