Not sure about the headline but it makes sense what his kids are doing. Reddit and Tumblr allow much more freedom and do not try so blatently hard to profit from traffic.
Facebook is dying a slow death for what it was once used for: fun. They have too much cash on hand to disappear any time soon. But users will grow tired of Facebook as a pleasurable diversion. Because Facebook will keep trying harder and harder to make money. Because the traffic will gradually slow down. When you make all your money from display ads, and the traffic begins to slow, you get desperate. Slowly, Facebook is inching toward this inevitability.
Facebook is dying a slow death for what it was once used for: fun. They have too much cash on hand to disappear any time soon. But users will grow tired of Facebook as a pleasurable diversion. Because Facebook will keep trying harder and harder to make money. Because the traffic will gradually slow down. When you make all your money from display ads, and the traffic begins to slow, you get desperate. Slowly, Facebook is inching toward this inevitability.