While Facebook has recently been losing members in the U.S. and U.K., it has seen growth in developing countries such as India. While its worldwide membership growth is currently offsetting its membership losses, the loss of 6 million U.S. members this month does point to increasing competition in the social media space.
One of Facebook's largest competitors, LinkedIn, has been slowly building up its user base worldwide as well. The social network for professional networking celebrated 200 million members in January, and one year ago hit 15 million members in India.
This week, LinkedIn announced that it now has over one million members in Singapore. The country is home to the social network's Asia Pacific headquarters, which opened in 2011. Hari Krishnan, Managing Director at the headquarters, announced the milestone in a post on the LinkedIn blog. From the post:
I’m especially excited about this milestone because I moved to Singapore earlier this year to take on the role of Managing Director, Asia Pacific and Japan, and it’s been a transformational experience so far. The energy and spirit among the professional community in Singapore is palpable. It’s been an honor to watch Singapore professionals turn to LinkedIn to build their professional identity, grow their networks and find the insights they need to be great at what they do.
To celebrate, LinkedIn handed out coffee and cupcakes to commuters in Raffles Place.