Facebook’s Growth Rate is Dropping, says Report

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Facebook’s growth rate is dropping, says a recent report by Inside Facebook Gold. Until two months ago, the site saw at least 20 million new users per month, but in the month of April there were only 13.9 million new users, which further reduced to 11.8 million users in the month of May, this year.

The company’s growth mainly came from developing countries like Mexico, Brazil, India and Indonesia countries, while early adopting countries such as the U.S. and Canada showed significant user losses during May, according to the Inside Facebook data. The U.S. in particular lost nearly 6 million subscribers ending the month with 149.4 million users, and Canada lost 1.52 million users ending the month with 16.6 million.

This decline in the number of users may be due to the company’s ongoing security and privacy issues. In the month of May, for instance, the site was under the radar,when Symantec claimed that Facebook is leaking the private data of its users and sharing it with third party advertisers. The site handled the issue by introducing some new security features, designed to protect users from malware and from getting their accounts hijacked. However, Facebook was in trouble once again this month, after it launched the facial-recognition tool, a new feature that automates photo tagging and prompts your friends to tag you in photos. The new tool has reportedly attracted the attention of European Union data-protection regulators.

Facebook is still growing towards 700 million users, having reached 687 million monthly actives by the start of June.  But, as the site continues to expand its reach in developing nations, it’s losing the trust of its early users in nations like U.S and Canada.

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