• Tweet

SAN FRANCISCO — Shares of Facebook Inc fell about 1% on Tuesday, extending the previous day’s losses after an investment analyst reported a decline in US users for the No. 1 social network.

Capstone analyst Rory Maher said he used proprietary software to track user numbers by country over the past six months across more than 200 countries and worked out that the social network had shed users in both the United States and Europe. US users declined by 1,1%, he said in a research note.

Of the 23 countries where Facebook’s penetration exceeded 50%, only nine expanded their user base over the past three months, while the remaining 14 countries either had fewer users or saw little change.

Facebook representatives did not immediately respond to requests for comment.

Facebook, which last reported more than 900 million users, has undergone phenomenal growth since its 2004 inception, culminating in a record May initial public offering that valued the company at more than $100 billion. But the stock has since lost a third of its value. On Tuesday, it slid as low as $27,15, after falling by more than 8% on Monday.

Comments

• Sign in or sign up to comment

Tue May 21 22:46:14 SAST 2013 ::

Jul 18, 2012

Deepstick-C

I have always been sceptical about facebook when they said they were going to list...there's no value in ICT shares (except for google who are strying so hard), so allow me to conclude that facebook is just a bubble. I would not put my money in such a stock, NEVER!
Report Abuse

Jul 18, 2012

Voltaire

@deepstick c.............spot on ...iits merely a bubble...it was clear even before the listing that the real value of facebook was questionable....since listing their share price has been falling....never ever invest in dot com companies....bad investment
Report Abuse

Jul 18, 2012

tpaz

real intrinsic value $12 per share.....
Report Abuse

Jul 18, 2012

CheeseBoy

face book has always and still is an over rated FAD. when you put a real share price on a FAD the truth will always come out. people who invest money in shares want to see some sort of return on those investments.

How do you get a return on an investment whose market is largely unemployed teens ?

Black Berry made that mistake when it redirected its target market from business executives employees to unemployed teen-agers by marketing Black Berry as a cool BBM gadget.

Now they are paying the price.
Report Abuse

Read all 4 comments