Facebook Growth Rate Slows

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Source: Inc.com

Facebook makes it easy for business owners to set up pages

In other news, rumors buzz around The Fancy after Mark Zuckerberg appears to have created an account.

The Facebook IPO frenzy has faded, but the social media site and its founder are still making news. Here are a few of the latest headlines:

  • Facebook’s user growth rate in the U.S. is slowing. The social networking site had 158 million unique visitors in April–just a 5% increase from 2011, the Wall Street Journal reports. That’s a sharp slowdown, after 24% year-over-year growth in April 2011 and 89% in April 2010. Roughly 71% of Internet users in the U.S. now have Facebook accounts, the Journal reports.
  • Facebook founder Mark Zuckerberg appears to have joined The Fancy–a Pinterest-style site with a high-end e-commerce spin. Now there are rumors of acquisition, reports PCMag. An account with Zuckerberg’s picture, named “Zuckd,” joined the site on Friday and already has 100,000 followers, Fast Company reports–adding that Zuckerberg may be testing the waters of the business, valued around $100 million.
  • Facebook is being considered to join the Russell 3000 index, Reuters reports. It’s on a preliminary list and would be the “largest addition to the index in market capitalization,” Reuters notes.
  • Speaking of Zuckerberg: Gizmodo wants you to stalk him. Dubbing it “the Summer of Zuck,” Gizmodo last Thursday asked readers to submit photos and videos in exchange for $20 if the piece is used. According to the site, Facebook is a public company, and: “In short, it’s time for Mark to go public too.” Not everyone is pleased with Gizmodo’s pitch, particularly TechCrunch.






From Caitlin Berens with these tags:
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