Facebook shares fell on Tuesday, as the social network faces problems adding new users in multiple markets. The number of users on Facebook in the United States actually slipped by 1.1 percent, according to a new report from Capstone Investments. Facebook has seen phenomenal growth since its inception in 2004, and last reported having more than 900 million users. So it shouldn’t be surprising that growth is slowing. “Facebook cannot continue its hockey stick growth forever,” said Rebecca Lieb, analyst of digital advertising and media at Altimeter Group.
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Facebook Growth May Have Hit a Wall
Posted by: Peter Suciu July 18, 2012 01:30 PMFacebook shares fell on Tuesday, as the social network faces problems adding new users in multiple markets. The number of users on Facebook in the United States actually slipped by 1.1 percent, according to a new report from Capstone Investments. Facebook has seen phenomenal growth since its inception in 2004, and last reported having more than 900 million users. So it shouldn’t be surprising that growth is slowing. “Facebook cannot continue its hockey stick growth forever,” said Rebecca Lieb, analyst of digital advertising and media at Altimeter Group.