Facebook (FB) Rises as Instagram Refutes Data...as Does the Research Firm

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Did Facebook's (FB) Instragram Userbase Really Drop 25%?

December 28, 2012 1:46 PM EST

Shares of Facebook, Inc. (NASDAQ: FB) are recovering off earlier lows as there are many questions about the reliability of earlier data from AppData, which showed daily active users for Instagram collapsed 25 percent amid the Terms of Use change controversy.
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Facebook (FB) Falls as Instagram Users Plunge 25% on Outrage

December 28, 2012 9:51 AM EST

Shares of Facebook (NASDAQ: FB) are lower early Friday as data showed the company's recent Instagram Terms of Use gaff could have cost the company dearly.

According to data from AppData, nearly a quarter of Instagram's active daily users may have... More