06 March, 2013
According to this article on Business Insider, teens are losing interest in Facebook and they're seeking a more private, intimate place to share with close friends. (Let's face it if your Dad's on Facebook, it can't be cool!)
Instead they are becoming obsessed by Instagram and Snapchat. Fortunately for Facebook, Mr Zuckerberg personally negotiated the purchase Instagram for sweet $2bn in April 2012 (see TheNextWeb article on the acquisition story).