Facebook's tests its limits

Facebook's losing its grip on its goal to take over the internet. Woes around failed products, declining engagement and user numbers are placing the social network at risk of becoming irrelevant.

Facebook, which once seemed poised to take over the internet, is showing its limitations: a host of newer services are gaining ground among trend-setting youth; a much-hyped smartphone app has received a tepid response; and grand ambitions such as taking on Google in the search business seem ever more fanciful.

In a volatile Internet industry where companies can rise and fall almost overnight, one might even say that the nine-year-old Facebook Inc is suffering a mid-life crisis.

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