Will Facebook suffer the same fate as MySpace in a few years? That's what one analyst predicts.
Speaking on CNBC's "Squawk on the Street" program Monday, Eric Jackson, founder of Ironfire Capital, said that Facebook will lose its dominance as a social network in five to eight years.
In his forecast, Jackson cited Facebook's inability to crack the mobile market and the stock's 27 percent nosedive since the company's IPO.
"In five to eight years they are going to disappear in the way that Yahoo has disappeared," Jackson said. "Yahoo … Read more