In a professional or competitive basketball games, it is always entertaining to watch one team try to catch up and make a comeback. The odds may be stacked against them, but the losing team certainly will not give up. Just earlier this year, Facebook received backlash over privacy issues, which is a component to the reason their stock fell. Facebook is the team hoping for a comeback and a win; this is exactly what they got.
Facebook’s stock has risen through the roof, contrary to the belief that the popular social network was going to plummet in regular users. After Facebook’s first stock plummet and many counts of privacy backlash, many of the general public believed that Facebook was going to lose many users and eventually have to be sold. However, those beliefs have all been falsified with evidence, showing a growth in stock price, advertisement clicks, advertisement prices, and new users.
These statistics are shocking for many, including myself because I had recently started to use Facebook less often. Facebook’s purpose to me is a simple way to connect with friends and plan events; although, I did not want to see the fall of Facebook, I did not care for the social media site all that much. However, many others in the teenager age demographic apparently do. After finding out that their stock crashed earlier this year, coupled with the fact of the release of graph search, a debated tool on the social media site, I was almost certain that I would witness the fall of Facebook. However, Facebook has proved many doubters, including me, wrong.
Facebook’s comeback has made many doubters and critics step aside. Facebook came back, walking into the social media game again full stride. These miraculous turn of events have shown Facebook’s longevity in the social media game. However, this is only for 2013. What can the general public expect from Facebook a few years down the line? Will Facebook still have the same amount of users?