Menu
Jeff Goldblum Stars in funny GE Link Ad

Jeff Goldblum Stars in funny GE Link Ad

iPhone 6c is possible as iPhone 5c Sales Surge

iPhone 6c is possible as iPhone 5c Sales Surge

Pee-Wee Herman stars in New TV on the Radio Video

Pee-Wee Herman stars in New TV on the Radio Video

Windows 10 Preview Download Release is Today

Windows 10 Preview Download Release is Today

William Shatner and Leonard Nemoy to Star in New Volkswagen e-Golf Commercial

William Shatner and Leonard Nemoy to Star in New Volkswagen e-Golf Commercial

Facebook reportedly losing millions of users

Apr 29 2013, 2:11am CDT | by , in News | Technology News

Facebook is worth billions of dollars today, but some analysts say the social network is losing millions of users as well. Is Facebook losing the "magic touch?"

Facebook reportedly losing millions of users
 
 

YouTube Videos Comments

Full Story

Facebook reportedly losing millions of users

Under threat from new online social networks such as Instagram and mobile app, Path, Facebook is said to be losing millions of users in the biggest markets. Independent research data suggests that Facebook's expansion in the U.S., U.K., and other major European countries has already peaked. 

According to analysis firm SocialBakers, the world's largest social network saw a 4% decline  in its U.S. users last month, translating to 6 million visitors lost. U.K. Facebook users, on the other hand, declined by 4.5% last month, or 1.4 million users. Overall, Facebook lost almost 9 million monthly U.S. visitors and 2 million monthly U.K. visitors in the last six months. The decline in visitors is also apparent in Canada, France, Spain, Germany, and Japan, analysts added.

Users seem be to logging on new services and  social networks instead. Photo sharing site Instagram gained 30 million users in 18 months previous to its acquisition by Facebook, and Path is reportedly winning 1 million users per week. The mobile phone-based social network has a reported 9 million users.

Though Facebook continues to grow in South America and India, data trackers report user level decline in developed markets. An algorithm developed by analysts from Jefferies bank suggests that Facebook user levels in the first quarter may have declined from its peak. 

Users may also be switching their desktop screen time for smartphones and tablets, something that Facebook itself has warned about. Nevertheless, Facebook is still expected to make up to $1.44 billion in revenue for its March quarter, up from $1.06 billion last year.

In response to falling user levels, Facebook is focusing on expanding its mobile user base and designing smartphone Facebook software, as well as increasing advertising revenues.

Source: The Guardian

 

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.

 

 

Comments

blog comments powered by Disqus

Latest stories

Kirk Cousins Needs Improvement on 3rd Down Situations
Kirk Cousins Needs Improvement on 3rd Down Situations
Washington Redskins quarterback Kirk Cousins, who threw four interceptions in the 45-14 loss to the New York Giants on Sept. 25, must improve on third down situations. According to CSN Washington, his passer rating of 44.4 on third down is the worst among starting NFL quarterbacks this season.
 
 
Steve Smith on Release From Carolina Panthers: 'It Was Personal'
Steve Smith on Release From Carolina Panthers: 'It Was Personal'
Baltimore Ravens wide receiver Steve Smith opened up about his release from the Carolina Panthers on Charlotte radio station WFNZ on Oct. 1. Smith said, "It was personal" and felt he "was stabbed in the back."
 
 
Jay Z Profiled
Jay Z Profiled
Luckier than the Luckiest Chap on Earth!
 
 
Microsoft teases Windows 10 phone and Xbox interfaces
Microsoft teases Windows 10 phone and Xbox interfaces
Some subtle changes can be seen in the updated interface