Wall Street Journal: Facebook’s growth rate is slowing
NEW YORK (AP) — Facebook’s growth appears to be slowing, particularly in the U.S., according to a report in the Wall Street Journal.
Unique U.S. visitors to the wildly popular social media site rose 5 percent in April to 158 million, according to data attributed to comScore. ComScore did not return a request for confirmation.
That’s the slowest growth rate since comScore started tracking data in 2008.
Users spent more than six hours a month on the site in April, up 16 percent from the prior year. Still, that’s a slower growth rate than the 23 percent increase in 2011, according to comScore data cited in the report.
Facebook went public May 18 in a widely anticipated market debut. But the stock price has slid since then, disappointing investors.