Boston, MA 01/01/2014 (wallstreetpr) – Facebook Inc (NASDAQ:FB) received overwhelming challenge from rivals in 2013. The notable companies which erected big competition against the company include Twitter Inc (NYSE:TWTR) which had a successful public listing in November last year, Snapchat and WhatsApp.
However, amid these challenges Facebook Inc (NASDAQ:FB) boosted its dominance in 2013 than in the year before. But its social network dominance has seen more in the east than the west. In other words, the company continues to add more numbers in Africa and Asia than it is doing in the U.S. and Canada.
Facebook Inc (NASDAQ:FB) had an average of 728 million daily users in 2013. This suggested about 25 percent increase against the 2012 figures. However, about 80 percent of the company’s monthly active users came from outside North America, thus showing that growth in this region is flatting out.
In the last quarter, the company captured 2 million daily users in North America region. This compared to 20 million daily users that the company had in the non-West regions. So basically, Facebook Inc (NASDAQ:FB) is growing in the rest of the world is about 10 times of its U.S./Canada growth.
Revenue
Facebook Inc (NASDAQ:FB) generates its biggest revenue portion in the West. However, a shift is happening and soon the company’s biggest revenue will start coming from Asia and Africa regions. This is because these regions are responding well to the company’s growth projection. Furthermore, there are still a lot of potential in these regions.
Perhaps this explains why Facebook Inc (NASDAQ:FB) has seeking allies among telecoms carriers in the region to extend its services and Internet connectivity to more people in the developing markets.
Conclusion
With the above information in mind, it is now easy to understand why studies in the U.S. have been more bearish on Facebook Inc (NASDAQ:FB). However, the company is cleverly replacing its dwindling fortunes in North America and Europe with fast growth in the rest of the world.
It is this growth in the rest of the world that is giving Facebook Inc (NASDAQ:FB) hopes even as study after study in North America and Europe tend to suggest that it’s dead and buried.
