Financial News

  • 23 January 2014, 17:37

Facebook 'Could Lose 80% Of Users By 2017'

Interest in Facebook has peaked and the social network could lose up to 80% of its users by 2017, researchers say.

Academics at Princeton University used theories on the spread of disease combined with Google Trends data on searches for Facebook to predict the demise of the world's largest social network.

They concluded: "Facebook has already reached the peak of its popularity and has entered a decline phase.

"The future suggests that Facebook will undergo a rapid decline in the coming years, losing 80% of its peak user base between 2015 and 2017."

Facebook is worth £84bn and has more than one billion users worldwide.

Researchers looked at the number of Google searches for Facebook, and found that they peaked in December 2012.

A similar spike in searches was observed for Myspace months before it hit its peak in 2008, before heading into terminal decline.

The report said that every user who joins a social network expects to stay indefinitely, "but ultimately loses interest as their peers begin to lose interest".

They compared the decline of social networks to the spread of disease, adding: "Eventually, users begin to leave and recovery spreads infectiously as users begin to lose interest in the social network."

Professor Daniel Miller, of University College London, said simpler social networks such as Twitter and Snapchat would replace Facebook.

He added that part of the reason for young people leaving was their parents' decision to join.

Writing for academic news website The Conversation on December 28 he said: "What appears to be the most seminal moment in a young person's decision to leave Facebook was surely that dreaded day your mum sends you a friend request."

However some critics have pointed out flaws in the Princeton study.

It is based solely on Google search data, when more and more users now access Facebook using mobile apps rather than through a browser.

It is not peer-reviewed either, meaning other academics have not had the opportunity to challenge and critique its findings before publication.

Read the study's findings here.

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