Author Topic: Facebook Falls As Use On Social Site Drops  (Read 288 times)

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Offline obasimiracle

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Facebook Falls As Use On Social Site Drops
« on: July 20, 2012, 08:10:47 PM »
Facebook Inc. (FB), operator of the world’s largest
social-network, declined after a report from
Capstone Investments said the number of users
fell over the past six months.
The shares of Menlo Park, California-based
Facebook decreased 0.6 percent to $28.09 at the
close in New York, adding to a 8.1 percent slide
Shares of Zynga Inc. (ZNGA), which gets most of
its revenue from games played on Facebook,
dropped 5.2 percent to $4.58. Enlarge image
Facebook Falls as Use on Social Site Drops.
U.S. users decreased 1.1 percent over the past six
months, Rory Maher, an analyst at Capstone, said
in a report today. Of 23 countries where
Facebook had at least 50 percent market
penetration, growth was little changed or down in
14 nations over the past three months, he said.
“This could be an issue for Facebook growth
since we estimate that outside of Southeast Asia
and some countries in Latin America, most
markets are approaching 50 percent penetration,”
Maher said in the report.
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