Facebook Stock Falls Again, So does the Customer Satisfaction

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Facebook Stock Falls Again, So does the Customer Satisfaction
geralt / Pixabay

Facebook Stock Falls Again, So does the Customer Satisfaction

Facebook Inc (NASDAQ:FB) stock is currently trading at $27.58, which is 3% down from its previous trading value.  The value is still going down as I write. It seems that Facebook has hit a long rough patch , as it faces a fresh kind of trouble every day. Since the IPO debacle, Facebook stock showed definite recovery towards the end of June, till last week’s closing, by floating between $30-$33. Now the stock has plummeted down to the post-IPO lows. What went wrong? For one thing, when boutique analysts at Capstone Investments released their figures on Facebook, the analysis had a couple of bad tidings about the social-networking mogul. The report says that number of Facebook users has fallen in the past six months. The US-based users decreased by 1% and growth remained stagnant for the 23 countries where Facebook had at least 50 percent market penetration, or went down in at least 14 of these countries.

There is no doubt that in terms of social networking, there is no other company that comes even close to the global expansion of Facebook. Google+ by Google Inc (NASDAQ:GOOG) has been trying to raise a competition for Facebook for which it should be commended, because stumping Facebook’s over 900 million users is no easy task. Google+ has at least one victory over the giant, in a survey of customer satisfaction conducted by ForeSee, and reported by