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Is Facebook Starting to Lose Users in the US and Canada?

Sean Allen
Is Facebook Starting to Lose Users in the US and Canada?

Facebook (FB) stock is currently trading at ~$166.0, ~24% below the all-time high it scaled just before announcing its second-quarter earnings results. According to recent research by the Pew Research Center, over 25% of US Facebook users revealed that they have deleted the Facebook app from their smartphones in the last year. Earlier this year, several users deleted the Facebook app as part of the #deletefacebook campaign in the aftermath of the Cambridge Analytica debacle.