TweakTown
Tech content trusted by users in North America and around the world
6,094 Reviews & Articles | 39,126 News Posts

Facebook said to be losing users in most lucrative markets

Facebook losing users where it counts, biggest markets' user counts dropping

| Business, Financial & Legal News | Posted: Apr 30, 2013 1:05 am

Things aren't looking so bright for Facebook ahead of their first-quarter earnings announcement. According to several different groups tracking Facebook usage, numbers are down in some of the most lucrative markets. SocialBakers estimates that Facebook has lost around 6m US-based users in the past month alone.

 

TweakTown image news/3/0/30034_1_facebook_said_to_be_losing_users_in_most_lucrative_markets.png

 

Further losses have been incurred around the world, with SocialBakers estimating Facebook has lost 1.4m UK users in the past month. Over the past six months, they estimate Facebook has lost around nine million monthly visitors in the US and two million in the UK.

 

New media specialist Ian Maude at Enders Analysis:

The problem is that, in the US and UK, most people who want to sign up for Facebook have already done it. There is a boredom factor where people like to try something new. Is Facebook going to go the way of Myspace? The risk is relatively small, but that is not to say it isn't there.

 

No one is saying that Facebook is heading the way of Myspace, but it looks like Facebook's massive growth is over, at least in the developed world. Facebook is still adding users in developing countries such as Brazil and India. Jefferies' analysts agree with SocialBakers, stating that user levels may have declined from peak in the first quarter.

NEWS SOURCES:Guardian.co.uk

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases