Earlier quoted context omitted.
Facebook has a mindshare problem. I no longer consider it a driving force in my social interaction and I'm of the older generation. The younger generation seems to have abandoned it already. It's now a deposit for the occasional family photo and lately seems to be full of chain spam. When you think back to the history of social networks (AOL, Compuserv, Friendster, Myspace) these things don't have a great half-life.…
Totally disagree. I'm in college right now and Facebook+Instagram are still the social networks of choice. If anything Facebook has only lost it's novelty because it's assumed everyone has one. The only thing that sucks up more of my time is Hacker News :)
Sometimes I think every social network is doomed to die in a certain number of years. Facebook simply isn't cool any more because everybody's on it now, which mean's it's ripe for disruption by a network of cool people.