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Facebook Stocks Continue to Drop Due to User Decline

By July 18, 2012March 6th, 2023Technology News

The news finally hit the public: Facebook’s number of active users has fallen over the past half year. Within hours of the report, their stocks had dropped 2.8% to $27.45 at 10:53 AM EST. Zynga games, which mostly hosts their games on Facebook, saw a more significant 6.1% drop to $4.54. Facebook finished the day at $28.09, which is a half-percent decline from the previous day’s closing – and yesterday brought a 8.1% decline.

Facebook’s Capstone report was compiled by analyst Rory Maher, who discovered that Facebook’s active user base has dropped 1.1% over the past six months. Over half of the markets that Facebook has been seeing much success in for the past few years also saw little to no growth.

This is only the most recent negative Facebook statistic. Numbers from June indicate that the number of unique visitors going to the site is beginning to decline and dropped half a percentage point from March to May. Another analytics company said that user satisfaction is continuing to decline. In a single year, Facebook’s satisfied members numbers dropped from 66% to 61%, the largest drop of any social network including Pinterest, Google+, Twitter, and LinkedIn.

Chris Forte

Chris Forte, President and CEO of Olmec Systems, has been in the MSP workspace for the past 25 years. Chris earned his Master’s Degree from West Virginia University, graduating Magna Cum Laude. He was a past member of the Entrepreneurs’ Organization, a current member of the New Jersey Power Partners and Executive Association of New Jersey, where he has previously served on its board of directors. In his spare time, Chris enjoys traveling with his family. He also admits to being a struggling golfer and avid watcher of college football and basketball. He currently lives in Boonton Township, NJ with his wife, two daughters, son, and black lab Luna.