Defriending Facebook

In the US, Facebook appears to be on the decline. The social media giant had a 4% drop in US visitors this past month, which amounts to roughly 6 million users. The story is the same in other major markets such as Canada and the UK.

But don't plan the funeral just yet. Investors are expecting $1.44 billion in revenue for the first quarter of 2013, which is a sharp increase from last year’s first quarter revenue of $1.06 billion.

Not only has revenue seen a sharp increase, but Facebook membership in developing economies has also seen a big bump. In Brazil for example, Facebook visitation increased by 6% in March, which translates to roughly 70 million Brazilians.

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Ilana Glazer

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