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Friedman: Facebook Is No Longer Cool

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  • Description

    MarketWatch’s Jon Friedman says the social-media website has lost its edge.

  • Duration 4:10
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Now let's just a FaceBook -- down about 30% since the IPO that's not the only headache for the social network though.

Joining the company is MarketWatch columnist Jon Friedman.

You say I believe that FaceBook is not any longer cool eight what do you mean by that and be so -- That's correct teenagers -- the future of FaceBook and president FaceBook think faced with a uncool because people like you and me.

Older people old people.

Are on FaceBook using all the time and -- old people like FaceBook and wanted a part of it where's your proof.

That teenagers are saying goodbye to FaceBook that I don't like it it's not cool Los Angeles times of the story about it this survey of people.

And found this to be true but anecdotally in terms of this people saying they're leaving FaceBook -- general.

The other young people wanna be young have their own little cool circle of friends -- -- to do and if old people like us are on FaceBook and they say no thanks.

Yes yes it's about -- -- serious like it's like music like rock and roll over the top same -- -- right now so walks what is what's that got to do with the viability of FaceBook as a profitable company as a very important piece because.

These people are the future face -- -- FaceBook good at thirteen 4050 stands at 203040 years advertisers like GM and Coca-Cola IBM will become the -- that they -- -- these kids in the future of of of their buying power so it's very important so you say FaceBook is not to the the Google of the future it's not the apple of the future it's -- It's it's this is still very strong up in his -- -- -- those very strong.

But the future is uncertain right now with -- young people are turning off faced before alternative and they get a good would like Tumblr for example -- Twitter.

Analysts say.

FaceBook -- -- them it is it possible that FaceBook could become relevant.

It's possible -- that other irrelevant that is the sort of not not growing -- has been in the past it's been incredible growth engines for his -- go over civilian uses by now.

And -- that slows down or happens to decline.

You'll see FaceBook going into a tailspin now mind sources like to about two teenage daughters left -- -- they use what is it what's in program.

Right now that I'm told is really really big that's photos set photos yes -- sent around photos instantly got a cats on the photo that's how they do things in the ground which is owned by FaceBook.

What am -- gonna both all that empowerment -- They can feel -- empowered that they old and what is not applause -- faced certain aliens -- -- but but but social media is not only picks of course it's it's conversing as I AM it's it's posting stuff on there too.

And -- young people think FaceBook is old -- -- with with their parents are watching out for them.

They won't use at all are you saying flat now it's a fad.

That it will -- that is not what we thought it was going to be on the saying its growth is questionable because young people turning off and if they keep turning off -- in bigger numbers than.

Market share my mommy friends -- -- -- post all of our adorable cute pictures are perfect offspring and we share them.

Mostly but when it -- that stuff but you're not -- to your point FaceBook is doing deals purchasing.

Is to -- an I have to evolving economic growth -- network lot he's evolving but I think that's its best hope.

What do you make of children -- children youngsters under the age of -- -- FaceBook may accommodate that group if you can get parental supervision all of that group good idea all bad idea it's a good idea -- -- -- July of course there -- dangers of privacy in -- and things like that but those that FaceBook is accommodating of people they wanted to keep on growing -- -- you make -- less -- -- little brother and little -- is is -- -- -- this unique interest business -- where the problem yes -- -- the problem.

By John notice you're absent from the discussion launch of that done.

Well -- I asked about irrelevancy my final question is modernization.

How does FaceBook monetize.

Well again -- to -- these users and one plays the tell advertisers we have all these people and used to come -- on face is it gonna happen.

It's happening.

Our FaceBook will go but it's happened to me -- GIG and it's -- -- -- ducked out and she cut back its whole ten billion dollar added -- ask my question -- do it for -- with the FaceBook and get confusing the old god.

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