Is Facebook’s user growth getting slower?
According to Statista, in the second quarter of 2018, Facebook had 2.23 billion monthly active users. Going back to the third quarter of 2012, the number of active Facebook users were one billion.
Recent Recode report suggests that the social network’s user growth getting even slower. The report states that Facebook added 22 million new daily users last quarter which is smallest quarterly jump since at least 2011.
Kurt Wagner and Rani Molla say, “Facebook’s string of screwups may finally be coming back to hurt the company where it counts — its user growth.
The social media giant reported second-quarter results today, revealing that it is no longer growing in the United States and Canada, by far Facebook’s most valuable geographic region. It also added just 22 million new daily active users worldwide, its lowest quarter-over-quarter jump since at least early 2011, when we first have data on the metric.
Facebook has 185 million users for the U.S. and Canada — the same as it had last quarter. That’s four straight quarters that it’s been stuck around 185 million users. It also lost users in Europe for the first time. Facebook reported 279 million daily active users in Europe in the second quarter, down from 282 million users in the first.
Update: After Facebook’s hour-long earnings call with analysts, the stock was down more than 20 percent”.
Comments are closed.