Facebook May Be Losing Viewers, Possible Affect On IPO

- Facebook May Be Losing Viewers, Possible Affect On IPO



Jun 14, 2011

A world map produced by Vincenzo Cosenza found that Facebook is now the most popular social network in 119 out of 134 countries despite rumors of losing users in the United States in the month of May. Although Cosenza did not break out exact traffic data, he did say however that Facebook was the most popular social network in the United States, beating out Twitter and LinkedIn.

However, a report from Inside Facebook did say that they lost U.S. users in the month of May, going from 155.2 million to 149.4 million by the end of the month.

Facebook did make a statement with regards to the Inside Facebook data, stating that, "from time to time, we see stories about Facebook losing users in some regions. Some of these reports use data extracted from our advertising tool, which provides broad estimates on the reach of Facebook ads and isn't designed to be a source for tracking the overall growth of Facebook."

However, the question arises about whether or not this user data will affect Facebook's plans for an initial public offering.

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Twitter seeks to buy TweetDeck

Twitter seeks to buy TweetDeck



May 3, 2011

A multi-million dollar offer is on the table in the social networking arena. Twitter has made an offer to acquire TweetDeck for close to $50M. Tweet Deck is a popular third-party software application used for Internet social networking services.
According to a Reuters report, the cash and stock deal could close in less than ten days and would represent one of five-year-old Twitter's largest acquisitions to date. The deal would give Twitter an application that has won praise among sophisticated users for its slick interface and enhanced capabilities, while closing out a potential threat to Twitter's fast-growing service. TweetDeck had been in talks with Pasenda Web company UberMedia in a deal that was valued at less than what Twitter offered. UberMedia which is owned by entrepreneur Bill Gross, has been amassing a collection of Twitter applications which some commentators have speculated could ultimately be used to create a rival social network to Twitter. The exclusivity terms of UberMedia's offer for TweetDeck expired in mid-April, allowing TweetDeck to respond to the Twitter offer. The deal comes a little over a month after Twitter co-founder Jack Dorsey returned to the company as executive chairman to oversee product development.

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