Facebook Stops Growing
Social web king, facebook.com, has seen it’s first ever drop in monthly users according to analytics firm Nielsen Online.
Almost half a million users who visited the site in January 2008 didn’t bother to return in February. Competing sites like Bebo.com and Newscorp’s MySpace have reported similar drops in traffic.
So far Facebook has been able to find investors, and justify their massive spending (In the coming year Facebook plans to spend US$ 200 million on servers alone) with their rapid growth. The end of the growth cycle will increase the pressure on facebook to find a way to turn their popularity into a viable revenue stream. Facebook’s advertising platform, which allows advertisers to target extremely specific customers, has so far met with a tepid response.
At the peak of the excitement, Facebook was collecting almost 200 thousand new users a day, and Microsoft spent US$ 250 million buying 1.6% of the company – a deal that valued Facebook at $15 billion.
Todays news suggests that those frothy days may be over.
6 Comments »
RSS feed for comments on this post. TrackBack URL
GonzoBuzz Blog
I love quotations because it is a joy to find thoughts one might have, beautifully expressed with much authority by someone recognized wiser than oneself.
Comment by Anne Sofie Von Otter Speak Low Songs By Kurt Weill Gardiner — December 8, 2010 @ 12:17 am
There are only two ways of telling the complete truth–anonymously and posthumously.
Comment by Wedding Thank You Wording — December 18, 2010 @ 3:33 pm
No one who cannot rejoice in the discovery of his own mistakes deserves to be called a scholar.
Comment by Project Manager It Job Description — September 14, 2011 @ 7:21 pm
The only limit to our realization of tomorrow will be our doubts of today. Let us move forward with strong and active faith.
Comment by deccccorative — November 9, 2011 @ 12:46 am
This is the proper blog for anyone who wants to find out about this topic. You understand a lot its almost onerous to argue with you (not that I really would need…HaHa). You undoubtedly put a brand new spin on a topic thats been written about for years. Great stuff, simply great!
Comment by Zachariah Aken — January 30, 2012 @ 12:59 am
I merely surely have uncovered your internet home then i have got definitely yet been experience consider the following on top of a weekly. Next you have a a multitude of helpful pointers after i take delight in look up this guidance affiliate possess any sales experience. Keep the best impressive vocation!
Comment by Ferdinand Siriano — January 31, 2012 @ 6:42 pm