Ear Hustle

“National News: Facebook Admits, Teens are losing Interest in their Site”

Facebook shares soared 15% Wednesday on blowout quarterly results — but the stock lost steam after the company admitted young teens are losing interest in the site.

 

facebook mark zuckerberg

 

“We did see a decrease in [teenage] daily users [during the quarter], especially younger teens,” Facebook chief financial officer David Ebersman said Wednesday, during the company’s third-quarter earnings conference call with analysts. He said Facebook usage among overall U.S. teens was “stable,” however.

Instagram have become the new IT thing for teens.

Click to comment

Leave a Reply

Most Popular

To Top