Facebook stock falls as report of declining users surfaces

By on July 18, 2012
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Zynga hit too.

The share price for Facebook Inc. fell by 0.6% to $28.09 adding to the downward spiral of value drop by 8.1% at the close of NASDAQ yesterday. The fall comes as as Rory Maher of Capstone reports that US users on Facebook dropped by 1.1% over the past 6 months, with penetration falling down in 14 countries worldwide over the last 3 months.

“This could be an issue for Facebook growth since we estimate that outside of Southeast Asia and some countries in Latin America, most markets are approaching 50 percent penetration,” Maher said in the report, quotes Bloomberg.

Of course, Facebook isn’t the only one suffering from the fall in share prices as users are dropping off, games company Zynga Inc. also dropped by 5.2% to $4.58 as most of their userbase is coming from Facebook users which is where they get the revenue from.


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From auditing to editing, I now test and analyze the latest gadgets and games instead of the latest financial statements. Both jobs are equally intense and rewarding. When I'm not burning up hardware in the name of science, you'll find me nuking in DOTA 2 or engineering in TF2.

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