PressTV-Facebook daily users declining in Europe, flat in US

Facebook’s users in Europe declined for the second quarter in a row while the company’s daily user base in the US and Canada remained flat for the third-straight quarter, the US social media giant has announced.

The company disclosed its latest gaffe on Tuesday, saying that its misclassification of user activity had led to overcounting of monthly and daily users.

The company reported 278 million European daily users, down from 279 million last quarter. Users in the US and Canada remained unchanged at 185 million.

The company also estimated that revenue growth would slow in the current quarter, compared with last quarter, which could mark the worst performance since its initial public offering in 2012.

The company estimated 2018 expenses would rise 50 percent to 55 percent above last year, trimming an earlier range of up to 60 percent.

Some financial analysts are concerned that the company’s operational problems are so vast that revenue…

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