Facebook may be feeling the pinch from teen-focused, mobile-first social networks like Snapchat, as CFO David Ebersman said on today's earnings call that Facebook “did see a decrease in daily users specifically among younger teens,” though he prefaced that saying “usage of Facebook among US teens overall was stable from Q2 to Q3.” This is the first time Facebook has reporte
Critics claim Facebook is losing its cool among kids and expect teens to start tuning out in favor of hip apps like Snapchat, but CEO Mark Zuckerberg says “based on our data, that just isn’t true.” Zuckerberg said on today’s earnings call that “we believe we have close to fully penetrated the US teen demographic for a while,” and that teens remained steadily eng
Like a cautious parent, Facebook is giving teen users new freedom despite risks. For the first time, users under 18 can post publicly. The logic is that other sites don’t restrict kids, teens are getting more web savvy, and young celebrities want a voice.
At The Pool, the Los Angeles-based social discovery platform, is today rolling out a big re-design that sees the startup becoming laser-focused on creating the “anti-Facebook” social network for young people.
Facebook is worth more than Amazon. Following yesterday’s earnings report, Facebook shares hit an all-time high in after-hours trading at $75. Price has been very stable this morning as well, confirming yesterday’s pop. Shares opened at $75.96 a share, then set a new record at $76.74. Now, shares are trading at $75.13.