Facebook finally admitted what many people have long predicted, and what CEO Mark Zuckerberg denied this summer: Facebook is losing its cool with teens.
During today’s earnings call—initially dominated by news of significant growth in mobile ad revenue—Facebook officials also offered a somber note about the social network’s teen audience. "We did see a decrease in daily users, specifically among younger teens," Facebook CFO David Ebersman said. He added that overall usage by teenagers remained stable in the quarter, although he didn't specify how Facebook measured that.
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