Last month Facebook acknowledged its mobile challenge in a regulatory filing. The company stated that the growing number of mobile users using Facebook is hard to monetize and "may negatively affect our revenue and financial results."
Jackson's comments on the future of the social network come at a time when Facebook's stock is down about 27 percent from its IPO price of $38 a share, making it the biggest two-week loss of any IPO since 1995.
"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."
As of now I have interest in facebook and have zero interest in mobile platforms, and therefore I may only gain interest in mobile through facebook, otherwise its comparing apples and oranges.
People will not just toss their PCs and Macs just like they wont give up watching television. This article is unrealistic and clearly is from someeone bearish on FB or trying to explain bearishness in FB.
How many IPOs and stocks cycle down and then go to the moon, no one seems to recall apples trajectory post tech bubble. Amazing such drivel from such smart folks.
