Report: Facebook growth rate slows

Associated Press

NEW YORK — Facebook’s growth appears to be slowing, particularly in the U.S., according to a report in the Wall Street Journal.

Unique U.S. visitors to the wildly popular social media site rose 5 percent in April to 158 million, according to data attributed to comScore. ComScore confirmed the data.

That’s the slowest growth rate since comScore started tracking data in 2008.

Users spent more than six hours a month on the site in April, up 16 percent from the prior year. Still, that’s a slower growth rate than the 23 percent increase in 2011, according to comScore data cited in the report.

Facebook went public on May 18 in a widely anticipated market debut. But the stock price has slid since then. Facebook’s stock was up about 2 percent to $27.65 on Monday afternoon.