When bad news comes for somebody, it comes in abundance. This is exactly what is happening to Facebook Inc (NASDAQ:FB). Mark Zuckerberg has married at the right time. Just after his company's Initial Public Offering (IPO), i.e. the very next he got married. He knew that he and his company is now matured enough. He got married and his company Facebook marry a stock. But things did not work as planned, at least to Facebook as a company. First, the blunder in stock trading on the very first day. Then the opening stock price of Facebook which was decided as $38 plunged to $27.58 as on today. The loss made by shareholders is huge. I wonder what went wrong. Though I personally think that Facebook has made the decision late for IPO.
Now the next bad news for Facebook Inc is that the user growth on Facebook has slowed down significantly. Also people spending time on Facebook has reduced. If you look at the graph below (source: comScore), you will see the time spent by a user on Facebook has declined as compared to previous years.
I am observing this trend even in daily life. I have seen people now complaining that Facebook has become boring now. They don't log in much to the website as they were previously. One reason which came out from the report is the growth of mobile internet worldwide. People are now switching to mobile device to log in to Facebook instead from their laptops or desktops. It is still unclear whether Facebook's mobile growth is coming at the expense of personal-computer usage, said comScore's analyst, Mr. Andrew Lipsman. ComScore began tracking mobile use of Facebook only several months ago, so there are no clear trends in the data.
Facebook is a great product which has revolutionized the Social Networking concept and truly won our heart in very short time. I hope that it continues to grow with new features.
Now the next bad news for Facebook Inc is that the user growth on Facebook has slowed down significantly. Also people spending time on Facebook has reduced. If you look at the graph below (source: comScore), you will see the time spent by a user on Facebook has declined as compared to previous years.
I am observing this trend even in daily life. I have seen people now complaining that Facebook has become boring now. They don't log in much to the website as they were previously. One reason which came out from the report is the growth of mobile internet worldwide. People are now switching to mobile device to log in to Facebook instead from their laptops or desktops. It is still unclear whether Facebook's mobile growth is coming at the expense of personal-computer usage, said comScore's analyst, Mr. Andrew Lipsman. ComScore began tracking mobile use of Facebook only several months ago, so there are no clear trends in the data.
Facebook is a great product which has revolutionized the Social Networking concept and truly won our heart in very short time. I hope that it continues to grow with new features.
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