Facebook stocks lower as Instagram loses users
- Published: 29 Dec 2012 at 01.46
- Online news: World
Facebook shares fell Friday after a report said its photo-sharing app Instagram had lost millions of users following the release of planned policy changes since dropped on an outcry from users.
The "Facebook" logo is seen on a tablet screen on December 4, 2012 in Paris. Facebook shares fell after a report said its photo-sharing app Instagram had lost millions of users following the release of planned policy changes since dropped on an outcry from users.
According to audience tracker AppData.com, over the past week the number of daily Instagram users fell by 3.5 million to an average of 12.4 million users per day.
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