Maybe so. Robert Cookson reports for the Financial Times that "many investors believe that under-25s are suffering from “Facebook fatigue” and defecting to services such as Twitter and WhatsApp." Further, reports suggest that many are defecting to other services such as Snapchat – the app for self-destructing messages. One reason for the alleged defection is the shift from desktop computers to mobile devices.
The article mentions another factor. According to Cookson:
The arrival of older relatives on Facebook is one of the top reasons cited by teens for losing interest in the platform and moving to sites that allow pseudonyms, such as Tumblr and Twitter, or messaging apps such as Line, Viber and Snapchat that are better suited for conversations between small groups of friends.
Others claim that such reports constitute an "urban legend."
Why do I post this? Not because I'm a Facebook fan, or have invested in Facebook, or really much care about Facebook, but simply to note trends in the younger crowd who suffer from FOMO - fear of missing out. Full story here. [HT: Drudge]
Update: Rupert Murdock warns Facebook faces same fate as MySpace