Facebook Owner, Mark Zuckerburg has spoken for the first time since his creation, which has been the forefront of social media for the past few years, has had its market drop in value.
The full story on the BBC website: http://www.bbc.co.uk/news/business-19565937
I believe reasons for this decline in the sites market value and stocks are as a result of a number of key factors:
- Rival sites, particularly Twitter, have grown and increased in interest and popularity.
- Changes and developments of the Facebook site have been unpopular for many, including the new timeline and chat system.
- For many, the fact celebrities and sports stars are in close contact on a site like twitter attracts particularly the older teenagers so the main audience of Facebook is becoming a younger one, and younger teenagers are less likely to have as much access to the site - e.g. not having laptops or smart phones.
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