Most people are on Facebook due to the insane sheep like rush to join before they seem out of touch with all the commoners. But when there is an extreme action there will be an equal opposite reaction. Facebook may IPO soon at close to a $100 billion valuation. But when they do IPO it will be the top as current Facebook investors unload at the top, while the public will be left with another technology fad.
The future for Facebook won't be so rosy as more users delete their account. Users in North America have already begun leaving in droves. Facebook's business model of selling private user information to advertisers is bad business. Facebook doesn't portray the Big Brother of 1984, it portrays Aldous Huxley's Brave New World. People are not being forced to share their private info, they are willfully sharing their private info because they think it's cool.
When people wake up to realize that when you are not paying for Facebook's service, you are not its customer, you are its PRODUCT. Facebook's clients are its advertisers. And in any business, they will always put their client's interest first.
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