Kenneth Cukier, the data editor of The Economist, said in a discussion on CNBC that Facebook Inc (NASDAQ:FB) may be on track to become the world’s most populous country next year.
Put in another way, Facebook Inc (NASDAQ:FB) may have more users next year than there are people in the world’s most populated country.
“From anecdotal evidence, it seems a little bit sketchy but when you look at the numbers releases – and they’re bound by [U.S. Securities and Exchange Commission] rules to release it honestly – active users are growing and its growing at a fast pace. In fact, probably about today, maybe in 2014 or tomorrow, the number of Facebook users will exceed the number of people in China,” he said.
The anecdotal evidence the editor was referencing was growing concern that teens are leaving Facebook Inc (NASDAQ:FB) and migrating to other social media platforms which they deem to be more hip.
This has prompted industry observers as well as investors in Facebook Inc (NASDAQ:FB) to keep a close eye on the social network and whether it is bleeding teens. Cukier noted that Facebook is indeed paying attention to teens because it is important that they keep the younger audience on their platform if they are to truly offer partners like advertising businesses a broad audience.
However, it seems that people should not be very alarmed about teens leaving the social network if the editor from The Economist is to be asked.
Facebook Inc (NASDAQ:FB) shareholders includes Karthik Sarma’s Srs Investment Management which said it owned 5 million shares in the social networking company by the end of September.