Is Facebook losing to Twitter

Afternoon everyone!

So just recently I've heard a lot about Facebook losing to Twitter. Many of my peers have talked about deleting their Facebook. Is Facebook indeed becoming irrelevant? Is it true that a series of statuses is more intriguing than the once ever-so-popular Facebook applications?

In my opinion, I'd like to keep both lines of social media open. Though both are very different, they serve different roles in my life (#dontjudgeme), Lol. But are we as a whole, moving towards dismissing Facebook's services?

What are your thoughts?