Reports have recently surfaced that Facebook is losing its younger users, specifically young teens. While Zuckerberg has previously denied allegations that the site is losing its “cool factor” among its younger users, the company’s Chief Financial Officer David Ebersman admitted to struggles this week. “We did see a decrease in [teenage] daily users [during the quarter], especially younger teens,” he admits.
Despite Ebersman’s admission, Facebook still remains a social media powerhouse.
“Facebook’s sales jumped 60% over the year to more than $2 billion. Excluding one-time charges, Facebook earned $621 million — double the company’s profit during the same quarter last year.”