The latest Facebook (NASDAQ: FB) results have revealed the group to have missed revenues and reveal slowed user growth.
According to the latest results, the number of people who use Facebook on a daily basis was 1.49 billion, less than the expected 1.51 billion.
Sales also fell short of expectations and totalled $13.7 billion (£10.7 billion), a rise of 33%. This is short of last year’s 42% rise.
Mark Zuckerberg said that Facebook “may be close to saturated in developed countries.”
“Our community and business continue to grow quickly, and now more than 2 billion people use at least one of our services every day,” said the Facebook CEO in a statement.
“We’re building the best services for private messaging and stories, and there are huge opportunities ahead in video and commerce as well.”
The social media giant had the strongest user growth in India, Indonesia and the Philippines.
Following the Cambridge Analytica scandal, the group has said there will be big changes to the platform.
“We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you,” said Zuckerburg.
“We also made mistakes, there’s more to do, and we need to step up and do it.”
Earlier this month, Fthe tech group also announced the launch of a new “war room,” designed to mitigate the spread of misinformation.
“We work closely with the US government, and we have been in contact with law enforcement, both with the foreign influence taskforce at the FBI and the Department of Homeland Security.”
The new team had detected and deleted 82 pages, groups, and accounts last week.
