Social network site Facebook, has revealed user growth has slowed
Accordingly to Facebook’s latest results, their user growth has slowed and their revenue has missed expected forecasts. The results found that an average of 1.49 billion people used the social media platform on a daily basis back in September – Showing an increase of 9% but it was still lower than expected figures.
The social media giant results found that sales rose by 33% in their third quarter yet still fell short of expectations too. Growth is stalling in developed markets while an increase in the amount of activity has been shown via the private messages app.
The technical firm is still expected to turn many features into an advertising business on the same level as the newsfeed on its original network. Facebook founder, Mark Zuckerberg said he is confident that the company’s advertising sales will catch up to the change that has been experienced in users’ behaviour.