New Study Predicts Facebook Will Lose 80% of Users in Next Four Years

Princeton University researchers are forecasting an extreme drop in users for the world’s largest social network.

According to a study conducted by two researchers in Princeton’s Department of Mechanical and Aerospace Engineering, which cited MySpace as a case study, Facebook is “just beginning to show the onset of an abandonment phase.” The study predicts that abandonment will accelerate and Facebook could lose up to 80% of its users between 2015 and 2017—that would be near one billion currently active users fleeing the site permanently in just two years.

The study also suggests that, at $140 billion, Facebook is grossly overpriced. MySpace was bought in 2005 for $580 million at its peak before being sold six years later for a paltry $35 million.