Technology content trusted by users in Australia and around the world.
5,017 Articles | 30,547 Posts
Select Your Edition:  
Giveaway time thanks to AMD! Win one of five A Series A8 6600K 3.9GHz CPU's 
Tweakipedia
A wealth of
tech information!

AU EditionYou are located: Home > All News > Social Networking News > Facebook shares drop after news of their user base reportedly dropping

Facebook shares drop after news of their user base reportedly dropping

By: (more) | Social Networking News | Posted: Jul 19, 2012 4:25 am

Facebook shares were trading above $30 for a few weeks, but they dropped earlier this week, where they closed on Tuesday afternoon at a month-low of just $28.09. Facebook stock dropped 0.55-percent on Tuesday, after a huge 8.6-percent fall the day before.

 

facebook_shares_drop_after_news_of_their_user_base_reportedly_dropping

 

Zynga shares were also hit, as the company is closely tied into the success of the Facebook platform, where they saw a drop of 5-percent on Tuesday, closing at a year-low of $4.58. The cause of these drops come after Capstone analyst Rory Maher released a report claiming Facebook's U.S. user base declined 1.1-percent over the last six months, as well as the European Facebook user base experiencing decline.

 

But, with 900 million monthly active users, Facebook can't see continuous growth - there will be stages of stagnation in their user growth, and maybe we're seeing the early signs of this. Looking into the future, Facebook's areas of growth seem to be international. Japan, Russia and China are their next markets to concentrate on.


SOURCE #1

Related Tags



Further Reading: Read and find more Social Networking news at our Social Networking news index page.

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!


Social Networking News Posts

View More Social Networking News Posts


TweakTown Web Poll

Question: Now you have the facts, which is your next-gen gaming console?

Microsoft Xbox One

Sony PlayStation 4

I'm a PC gamer, or not interested, or buying something else

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Social Networking Press Releases

View More Social Networking Press Releases