He reasons that FB will be gone one day because so were mp3.com and myspace. I don't agree with this logic. It was a race between social media sites and FB has won. FB will go through many challenges and maybe their business model will change drastically at some point but they are already way too big to bust.
That may be but I think the global influence they wield is closer to that of Microsoft. Microsoft has long been a bit of the sick man of the IT-industry (missed mobile etc) but they are not leaving any time soon.