Facebook to 1 Billion Users – I predict August 16, 2012
EDITED 8-23 Looks like the date has come and gone…I would have thought FB would have made a big deal. Nothing. Oh well…
Facebook had a terrible earnings call yesterday that has sent the stock plummeting. Today, Mashable had a link that Facebook could reach one billion users in August based on an analyst report on iCrossing.
I’ve been keeping track of how many users are on Facebook for a while and thought I’d throw my data aginst it. I am a little rusty from my GE Six Sigma days and a little busy to do a full regression. So, I simply used Microsoft Excel’s Scatter Chart with a simple linear regression to see what it could predict. I used data from April 2007 on as low growth in the beginning was throwing off the numbers
BOLD PREDICTION – Facebook will reach 1 Billion users on August 16, 2012
Linear Regression Equation – y = .5405x – 21299
y – Users In Millions
x – Date
R² = 0.9567
Data is here if you want to do your own thing.