Peak Facebook? Ctd

Andrew Sullivan —  Jun 28 2012 @ 3:02pm

The number of Facebook users in the US declined again last month. Reihan speculates about the company's future growth: 

[O]ne wonders if Facebook faces the same dynamic as Craigslist: users might be turning to more specialized services that do a better job at narrower social media functions, hence Mark Zuckerberg’s unilateral decision to purchase Instagram, a start-up that may well have proven a formidable threat to one of the core functions of Facebook that accounts for so much of it’s stickiness, i.e., obsessively clicking through the photographs of friends and acquaintances. Twitter, of course, has a flourished as a vehicle for status updates, and indeed it has enabled the rise of the gourmet food truck business model, among many other things. 

Coverage from earlier this year here, here and here.