Facebook Sees Drop in U.S. Users in May; Global Growth Stagnates
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Facebook, as might be expected, is seeing a slowdown in its growth, according to new data from Inside Facebook.
The blog reports that about 11.8 million users signed up in May, a drop from 13.9 million in April. Facebook's trailing 12-month average is the addition of 20 million per month.
Users in the U.S. fell by about 6 million accounts for the month, to 149.4 million, the first time this has happened in the past year. Canadian users fell 1.52 million to 16.6 million.
Inside Facebook notes that growth for Facebook generally slows to a halt once half of that country's population has signed up for the site.
Leading the charge higher, Brazil is expected to increase users by 10 percent in June.
The news comes as Facebook mulls an IPO of its common stock, slated for sometime in 2012. Shares trading in the second market are going for about $33 per, valuing the company north of $50 billion. Peer LinkedIn (NYSE: LNKD) saw rapid volatility, shooting shares above $122 in its IPO. Additionally, Pandora (NYSE: P) and Groupon (NYSE: GRPN) are also expected to cash in on their rapid successes with IPOs slated for later this year.
The blog reports that about 11.8 million users signed up in May, a drop from 13.9 million in April. Facebook's trailing 12-month average is the addition of 20 million per month.
Users in the U.S. fell by about 6 million accounts for the month, to 149.4 million, the first time this has happened in the past year. Canadian users fell 1.52 million to 16.6 million.
Inside Facebook notes that growth for Facebook generally slows to a halt once half of that country's population has signed up for the site.
Leading the charge higher, Brazil is expected to increase users by 10 percent in June.
The news comes as Facebook mulls an IPO of its common stock, slated for sometime in 2012. Shares trading in the second market are going for about $33 per, valuing the company north of $50 billion. Peer LinkedIn (NYSE: LNKD) saw rapid volatility, shooting shares above $122 in its IPO. Additionally, Pandora (NYSE: P) and Groupon (NYSE: GRPN) are also expected to cash in on their rapid successes with IPOs slated for later this year.
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