Times Square on the day Facebook went public in May.
(Credit: CNET)
Facebook stock dropped 2.8 percent this morning after an investment firm indicated that the social network's number of users have fallen over the last six months, Bloomberg reported.
The shares of Menlo Park, Calif.-based Facebook decreased 2.8 percent to $27.45 at 10:53 a.m. ET, Bloomberg said, while the shares of Zynga, which has games that are mostly played on Facebook, dropped 6.1 percent to $4.54. Perhaps the panic was short-lived, as the stock ended the day at $28.09, a 0.55 percent decline.
This comes on top of the stock's 8.1 percent decline yesterday.
The Capstone report, written by analyst Rory Maher, revealed that Facebook's user base in the U.S. decreased 1.1 percent over the past six months. Additionally, 14 of the 23 markets where Facebook has been successful saw a decline or little growth over the past three months.
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