Whatever Facebook once aspired to be? That vision, the “social graph connecting everything and everyone” vision that justifies the $500B valuation, is dead. The

Whatever Facebook once aspired to be? That vision, the “social graph connecting everything and everyone” vision that justifies the $500B valuation, is dead. The social graph will decay without new data, and it quickly loses relevance as the data becomes stale. Is there commercial value in knowing what someone “liked” 15 years ago? Because that’s the future of Facebook. Watch, Facebook will be the new Yahoo! Enough successful products to keep them alive, but with its vision destroyed and it’s mandate revoked, it will be a shadow of its former self. Influencers have already started moving away. That company has a market value somewhere greater than zero but certainly less than even Facebook’s current market cap. The question is not “will it drop?” but “how low will it go?”