Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Facebooks recent report by Pew Research showed declining enthusiasm among younger people who have kept the company strong even in weaker economic conditions. Having a $1.11 billion users, adding to that the vast amount of data on those users such as photos or personal preferences, profile identities Facebook could keep calm about near term future of the company.

Data points that Facebook users spend significantly more time on the social network site than on any of its competitors. The number of daily visits of the site have increased by 59.9% in the first quarter compared to 58.3% in the last years fourth quarter.

Some specialists suggest that the most foreseeable threat to the social network site comes from mobile applications designed for messages and photo sharing, attracting millions of users. Such example is Japans Line which piled 140 million users since launching two years ago.

The Chief Operating Officer Sheryl Sandberg dismissed rumors that teenagers are leaving the site for other social services. She emphasized on Facebook growth despite the expansion of other social services.

Meanwhile some other companies recently related to a Facebook implementation such as OpenSky – a online shopping service, denied joining the social network giant. The OpenSkys CEO argued that diversification of services on Facebook doesnt automatically mean success as most users dont go to the social network for shopping.

Facebooks shares are down 12% percent for the year compared to 16% rise in Dow Jones and 14% increase of Nasdaq. A part of the problem for Facebook could be found in their mobile application which scored a fairly low rating in Google Play store. Many users were complaining of the inconvenient design of the mobile version of the site.

The company needs improvement of its core product rather than trying to match every good product released on the market.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • PetroChina shares trading suspendedPetroChina shares trading suspended Trading shares of Chinas dominant oil producer PetroChina Co Ltd was suspended today, the second halt in two weeks, after the investigation of executives on August 27. However, the company said in a newspaper report that more of its executives […]
  • AUD/JPY Slips Below 111 on Soft CPI, Risk ConcernsAUD/JPY Slips Below 111 on Soft CPI, Risk Concerns Key Moments AUD/JPY extends its pullback to around 110.85 in early European trading on Wednesday. Australia’s February CPI rises 3.7% YoY, undershooting the 3.8% prior reading and market expectations. Reports of Iranian […]
  • Deutsche Bank AG share price down, posts improving profit amid legal uncertaintyDeutsche Bank AG share price down, posts improving profit amid legal uncertainty Deutsche Bank AG, Europes largest investment bank, posted Q2 results today, to show growing profit, as the bank faces a number of legal issues, which could potentially hurt performance.Income before taxes was reported to have risen 16% on […]
  • Oil fluctuates, U.S. data in focusOil fluctuates, U.S. data in focus Oil prices swung between gains and losses on Monday after posting their biggest daily advance on Friday since August 1 and erased most of earlier weekly losses. Market players are looking ahead at key U.S. economic data due later this week to […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Friday’s trade saw USD/CAD within the range of 1.3963-1.4111. The pair closed at 1.3973, losing 0.40% on a daily basis. It has been the 7th drop in the past 19 trading days and also a fourth consecutive one. In weekly terms, USD/CAD lost 1.02% […]
  • Yen Surge Pressures GBP/JPY as BoE Decision LoomsYen Surge Pressures GBP/JPY as BoE Decision Looms Key Moments GBP/JPY reversed from an intraday peak of 216.60 to trade near 215.60 after comments from Japan's Finance Minister Satsuki Katayama. Japan's Finance Minister warned that authorities are moving closer to "decisive" […]