I see in todays papers that Mark Zuckerburg, founder of Facebook, is reportedly worth $1.5bn (£755M) making him the 785th wealthiest person on planet earth. I suspect that the vast majority of this is paper rather than cash and my recommendation to Mark is that he liquidates as much of his $1.5bn as quickly as possible. Why? Because the halcyon days of Facebook are over in my opinion. I closed my Facebook account last week and I am not the only one. Actually I didn’t close it as that is not an option – you can only deactivate it but that is a subject for another time.

I know that this subject has been done to death elsewhere (including by myself) but it is worth repeating that once Facebook moved away from being a site that allowed you to keep in touch with friends to one that was more interested in my movie knowledge, how alike I was to my friends and how I was as a vampire it was doomed. It has now become like my email box – bloated and full of what I consider to be spam.

Zuckerburg will still do OK out of it and will make his millions but the site is, in my opinion, now on a downward spiral. Facebook will find it difficult to monetize its offering and while it seeps customers will be less attractive to investors.

Of course now is the time for Zuckerburg to prove me wrong and that he is worth $1.5bn by reinvigorating Facebook and making it a genuinely interesting and useful site once again.

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