RIP Facebook?

Facebook turns 5 -- but can it survive?http://www.cnn.com/2009/TECH/02/04/facebook.anniversary/index.html By Simon Hooper

Facebook was started by Mark Zuckerbery when he was 19 and living in a Harvard dorm room in 2004. Now he is the youngest billionaire on the planet and has an estimated fortune on $1.5 billion. Every one knows about Facebook, it give people the ability to stay connected with out really trying. Facebook contributed to Barack Obama's campaign and helped our newest president connect with younger voters. Just to give some background on how popular Facebook is every day 15 million people update their statuses, every month 850 million photos are added, and college student waist an average of an hour and a half a day on the site. In 2006 Facebook rejected a $1 billion dollar bid from yahoo, and in 2007 Microsoft paid $250 million for a 1.6 percent share. This pushed Facebooks value over $15 billion. The problem that has been creeping up on Facebook is that while their main stream of revenue comes from online advertisements, Facebook is not hitting much of a revenue. The global financial crisis is affecting web advertising in a big way, a way that could put Facebook down for good.

I think that even though Facebook is heading towards hard times, that it will have very little problem staying afloat. Every one and their brother are using Facebook, for god's sake my father in on Facebook. Companies have realized that Facebook is a golden opportunity to advertise to any target market. And as a back up plan Facebook could always sell, google bought up Youtube I'm sure that they would be more than happy to add Facebook to their already impressive line up.