Feeds

Nearly 2 MILLION US Facebook users quit social network

Wall Street bitches... bitch

Choosing a cloud hosting partner with confidence

Shares in Facebook continued to slide on Tuesday, after an analyst claimed the dominant social network had seen a modest drop in its userbase.

Capstone Investment's Rory Maher said Mark Zuckerberg's company suffered a 1.1 per cent fall in US users over the last six months. The number of European Facebookers had also declined, he added.

Meanwhile, Facebook's stock hit a month-long low yesterday finishing the day at $28.09 on Nasdaq, after falling some 8 per cent at the start of the week.

Maher's methodology was based on proprietary software his outfit had used to track how many people were accessing Facebook over the past two quarters in more than 200 countries on 500 user pages.

He also spotted that Facebook had hit a wall in terms of trying to build its userbase in the 23 countries where the network had already surpassed 50 per cent of the population.

Only nine of those countries actually exceeded the 50 per cent userbase in the last three months. But the remaining 14 countries either saw minor changes (UK growth was flat, for example) or had fewer signups to Facebook.

The company claims to have around 900 million people worldwide using Facebook. And it has previously said in regulatory filings that it needed to penetrate other markets, such as China, to help generate growth in its userbase.

It has also noted the plateau effect of user growth in its more mature markets.

Either way, Wall Street clearly took umbrage with Facebook yesterday, and as noted by Forbes the company's Q2 earnings report due on 26 July may well be making some investors rather twitchy.

The Register asked Facebook to comment on this story, but it hadn't got back to us by the time of publication. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.