Is Facebook heading for a Black Tuesday-like crash? | Zach Everson

Is Facebook heading for a Black Tuesday-like crash?

Facebook logoWhen Joseph Kennedy, John F. Kennedy’s father, overheard shoeshine boys discussing their stock porfolios, he sold many of his holdings, figuring the market was overextended. Shortly thereafter, the market crashed on 1929’s Black Tuesday. (Disclaimer: this story might be an urban legend.)

Might Facebook be heading for a similar catastrophe? My father just signed up for an account.

While my father is no shoeshine boy (he’s a physicist), Facebook’s appeal has been to the younger folk. Might the influx of, um, people of an advanced age cause the site to lose its cool? (I’ve noticed that some of my friends’ parents also have been popping up on Facebook.)

Of course, there is an opposite interpretation: Facebook’s reach has become so vast that no other social networking site stands a chance of usurping its dominance.

I’m not sure which theory I subscribe to. But in the meantime, I need to scrub my Facebook profile and make it Dad-safe.

Photo: Courtesy Facebook

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